Cambricon reports 105% revenue surge on China AI chip localization push

Cambricon, a Chinese AI chip fabless company often called "China's NVIDIA," posted third-quarter revenue of 3.53 billion yuan (about 690 billion won), up 105% year-over-year, with net profit rising 148%. ZDNet Korea attributed the surge to expanded AI infrastructure investment and China's government strategy to replace NVIDIA chips with domestic alternatives. The company, founded in 2016, develops MLU processor series for data centers and edge AI, serving customers like Huawei and Alibaba. Growth accelerated from the prior quarter's 76% increase, reflecting Beijing's push for a self-sufficient AI computing ecosystem.