Chinese chip firms Cambricon, Moore Threads post sales jump on domestic demand

Chinese chip designers from Cambricon Technologies and Moore Threads Technology to MetaX Integrated Circuits posted stellar earnings on Friday, driven by growing demand for domestic semiconductors amid Beijing’s tech-sufficiency push.

Beijing-based Cambricon, seen as a local alternative to US chip giant Nvidia, reported a net profit of 2.06 billion yuan (US$301 million) for 2025, its first full-year profit since listing in 2020, according to a filing to the Shanghai Stock Exchange.

Revenue for the year rose 450 per cent to 6.5 billion yuan from a year earlier.

The company credited the revenue growth to the competitiveness of its chip products, which lifted its market share amid rising demand for artificial intelligence computing resources that support AI adoption across diverse business scenarios.

Cambricon’s shares closed 0.8 per cent higher at 1,178 yuan.

Moore Threads and MetaX reported annual revenues of 1.5 billion yuan and 1.6 billion yuan for 2025, up 243 per cent and 121 per cent year on year, respectively.