Thirst for local AI chips raises revenue for China GPU leaders Cambricon, MetaX
SCMP Tech / 4/29/2026
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Key Points
- Chinese AI chip designers Cambricon Technologies and MetaX Integrated Circuits reported strong Q1 growth driven by demand for domestic computing power.
- The AI boom, ongoing U.S. export-control risks, and China’s push for semiconductor self-sufficiency are increasing reliance on home-grown chips.
- Cambricon’s Q1 revenue rose 160% year over year to 2.89 billion yuan, while profit increased 185% to 1 billion yuan.
- The article also highlights that China’s semiconductor manufacturing ecosystem benefits broadly from the national drive to reduce dependence on foreign technology.
Chinese chip designers Cambricon Technologies and MetaX Integrated Circuits reported substantial growth in the first quarter, as the artificial intelligence boom, lingering US export-control risks and China’s self-sufficiency push drove the country’s demand for home-grown computing power.
Cambricon’s first-quarter revenue jumped 160 per cent from a year earlier to 2.89 billion yuan (US$423 million), while profit soared 185 per cent to 1 billion yuan, the company said in a filing on...
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