On Tuesday, Chinese chip firm Cambricon Technologies reported revenue of RMB 2.88 billion ($403 million) for the first half of 2025 in its semiannual report, marking a year-on-year surge of 4,347.8%. Net profit attributable to shareholders stood at RMB 1.04 billion ($145 million), as the company returned to profitability after a loss during the same period last year. Cambricon said the sharp increase in revenue was mainly due to its continued market expansion and active support for the implementation of AI applications. Research and development investment reached RMB 456.5 million ($64 million) in the first half, accounting for 15.9% of total revenue. Cambricon shares have also surged recently, hitting a record RMB 1,391 ($195) per share and pushing its market capitalization above RMB 580 billion ($81 billion). [Cambricon, in Chinese]
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