Cambricon Reports Stunning Profit Growth, Driven by AI Chip Innovations
Cambricon Technologies, a leading Chinese AI chipmaker, has reported a remarkable turnaround to profitability. The company's net profit attributable to shareholders reached RMB 1.04 billion ($145 million) in the first half of 2025. This impressive performance was driven by significant market expansion and active support for AI applications.
The company's revenue soared to RMB 2.88 billion ($403 million) in the first half of 2025, a staggering year-on-year increase of 4,347.8%. This growth can be attributed to several key developments. Notably, Zhipu launched and open-sourced the advanced large language model GLM-4.6 on Cambricon's domestically produced chips using FP8 + Int4 mixed quantization. This was a significant milestone, marking the first time GLM-4.6 was implemented on Chinese chips.
Investment in research and development played a crucial role in this success. Cambricon allocated RMB 456.5 million ($64 million) to R&D in the first half, representing 15.9% of its total revenue. This commitment to innovation has enabled the company to stay at the forefront of AI chip technology.
Cambricon's strong performance has also translated into significant market recognition. The company's shares hit a record RMB 1,391 ($195) per share, pushing its market capitalization above RMB 580 billion ($81 billion). As the demand for AI continues to grow, Cambricon's focus on innovation and market expansion positions it well for continued success on the stock market today.
Read also:
- Web3 social arcade extends Pixelverse's tap-to-earn feature beyond Telegram to Base and Farcaster platforms.
- Over 5,600 Road Safety Violations Caught in Manchester Trial
- Trump praises the robustness of US-UK relations during his visit with Starmer at Chequers, showcasing the strong bond between the two nations.
- Navigating the Path to Tech Product Success: Expert Insights from Delasport, a Trailblazer in the Tech Industry
