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Chinese AI Chipmakers Poised to Gain From Beijing’s Tech Push

Bloomberg Technology Friday 07 August 2026, 03:32 UTC By Bloomberg News 1 min read
Key Points

Chinese AI Chipmakers Poised to Gain From Beijing’s Tech Push China’s AI chip designers are expecting bumper sales this earnings season off the back of Beijing’s push to get local firms to use homegrown components and reduce their reliance on American tech. Cambricon Technologies Corp. is projected to post surging revenue for the first half of the year with up-and-coming Shanghai Iluvatar CoreX Semiconductor Co. expected to see sales triple over the same period. Beijing-based Moore Threads...

Chinese AI Chipmakers Poised to Gain From Beijing’s Tech Push China’s AI chip designers are expecting bumper sales this earnings season off the back of Beijing’s push to get local firms to use homegrown components and reduce their reliance on American tech. Cambricon Technologies Corp. is projected to post surging revenue for the first half of the year with up-and-coming Shanghai Iluvatar CoreX Semiconductor Co. expected to see sales triple over the same period. Beijing-based Moore Threads Technology Co. said last month it expected revenue for the first six months of 2026 to grow as much as 149%.
Beijing (LOCATION) Tech Push Chinese AI Chipmakers (ORG) Tech Push China (ORG) American (ORG) Cambricon Technologies Corp. (ORG) Shanghai Iluvatar CoreX Semiconductor Co. (ORG) Moore Threads Technology Co. (ORG)
Originally published by Bloomberg Technology Read original →

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