China’s AI boom, self-sufficiency push fuel earnings surge for local chip firms
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…
Exact coordinates
shanghai: 31.230, 121.470
china: 35.860, 104.200
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