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China’s AI boom, self-sufficiency push fuel earnings surge for local chip firms

China’s AI boom, self-sufficiency push fuel earnings surge for local chip firms
South China Morning Post Friday 16 October 2026, 09:30 UTC By Howard Liu 1 min read
Key Points

Chinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits, as huge demand for home-grown processors and artificial intelligence infrastructure filters through links in the supply chain amid the country’s push for self-reliance. Shanghai-listed Yuanjie Semiconductor Technology expected its quarterly net profit to land between 403 million yuan and 453 million yuan, up 579 per cent to 660 per cent from a year earlier. The maker of laser chips for...

Chinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits, as huge demand for home-grown processors and artificial intelligence infrastructure filters through links in the supply chain amid the country’s push for self-reliance. Shanghai-listed Yuanjie Semiconductor Technology expected its quarterly net profit to land between 403 million yuan and 453 million yuan, up 579 per cent to 660 per cent from a year earlier. The maker of laser chips for optical... [Image text:] RH:688802.SH META) GLM-OCR 202623 GLN 2026212 RRBAISR K .688802SH
China (LOCATION) Chinese (ORG) Shanghai (LOCATION) Yuanjie Semiconductor Technology (ORG)
Originally published by South China Morning Post Read original →

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