TechSouth China Morning Post
Cambricon posts 108% surge in first-half revenue amid China’s massive AI chip drive
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Chinese artificial intelligence (AI) chip giant Cambricon Technologies reported a 108 per cent surge in first-half revenue on Friday, as the firm capitalises on a massive domestic push to replace foreign AI hardware.
The chipmaker’s revenue for the first six months of the year reached 6 billion yuan (US$890 million), while profits also jumped 122.6 per cent year on year to 2.3 billion yuan,…
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