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DEVELOPING — SINGLE SOURCE, NOT YET CORROBORATED

China’s AI boom, self-sufficiency push fuel earnings surge for local chip firms

16 Oct 2026, 09:30 UTC · 1 source
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🚨 CHINESE CHIP FIRMS FLAG BIG PROFIT GAINS Chinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits. Shanghai-listed Yuanjie Semiconductor Technology expected quarterly net profit of 403 million yuan to 453 million yuan, up 579% to 660% from a year earlier. Source: South China Morning Post #China #AI #chipfirms

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