Driven by Beijing's Domestic Substitution Policy, Chinese AI Chip Manufacturers Generally See Significant Revenue Growth in First Half

According to Bloomberg, driven by policy dividends from Beijing's push for local enterprises to adopt domestic chips and reduce reliance on US technology, multiple Chinese AI chip design companies are expected to record impressive performance this fiscal quarter. Cambricon expects significant revenue growth in the first half of the year; Shanghai-based emerging chip enterprise Iluvatar CoreX projects sales to grow approximately threefold during the same period; Beijing-based Moore Threads also disclosed last month that it expects revenue growth of up to 149% in the first half of 2026. Analysts believe that as the process of China's technological self-reliance accelerates, domestic AI chip manufacturers are expected to continue benefiting from the expansion of policy-driven demand.