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Latest / Chips, compute and energy

ReportComputeChinaReported

Cambricon’s third-quarter profit rises 148% to 1.4 billion yuan

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Source: South China Morning Post

Cambricon Technologies, a Shanghai-listed AI chipmaker, reported net profit of 1.4 billion yuan (US$210 million) for the three months to 30 September 2026, up 147.7 per cent from 566.6 million yuan a year earlier. Revenue was 3.5 billion yuan, up 104.5 per cent, faster than the 75.8 per cent growth of the second quarter, according to its stock exchange filing as reported by the South China Morning Post. The company attributed the revenue growth to market expansion and work to “facilitate the implementation of AI applications”. Hygon Information Technology, another Chinese AI chipmaker, reported third-quarter revenue of 5.9 billion yuan, up 45.5 per cent, earlier in the week.

Why it matters

US export controls keep Nvidia’s advanced accelerators out of China, and Cambricon and Hygon are filling the gap with home-grown chips.

When
23 Oct 2026
ID
WTA-N-2026-0379
Where
China
Who
Cambricon Technologies, Hygon Information Technology

Summary by wheresthe.ai, from South China Morning Post. We could not open the primary document, so it is marked Reported. Checked against the source on 23 Oct 2026.

Read the original at South China Morning Post

Source copy: download the page text as saved on 23 Oct 2026 (PDF). Also held by the Internet Archive.

Cite this story

WTA-N-2026-0379: “Cambricon’s third-quarter profit rises 148% to 1.4 billion yuan.” wheresthe.ai, 23 Oct 2026. https://wheresthe.ai/d/cn-cambricon-profit-surges-148-in-third-quarter-to-us-210m-2026-10/ (source: South China Morning Post).

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