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Thirst for local AI chips raises revenue for China GPU leaders Cambricon, MetaX

South China Morning Post 29 April 2026 9h ago
Thirst for local AI chips raises revenue for China GPU leaders Cambricon, MetaX
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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
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