Optical chipmaker’s profit soars 1,153% on AI demand, China’s tech self-reliance push
SCMP Tech / 4/27/2026
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Key Points
- Chinese optical chipmaker Yuanjie Semiconductor Technology reported first-quarter net profit up 1,153% year on year, driven by surging demand for computing power amid the AI boom.
- The company’s revenue also rose sharply, increasing 321% year on year to 355 million yuan, according to a stock-exchange filing.
- The growth is linked to domestic firms’ efforts to capitalize on rapid AI-related demand alongside China’s broader push for technology self-reliance.
- Yuanjie’s profit growth mirrored an approximately elevenfold increase in its share price over the past year, highlighting strong market expectations for AI-driven semiconductor demand.
Chinese optical chipmaker Yuanjie Semiconductor Technology reported an elevenfold surge in first-quarter profits as domestic firms capitalise on soaring demand for computing power amid the artificial intelligence boom and the country’s tech self-sufficiency drive.
Net profit in the three months ended March 31 jumped 1,153 per cent year on year to 179 million yuan (US$26.2 million), while revenue grew 321 per cent to 355 million yuan, the Shanghai-listed company said in a stock-exchange filing on...
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