Cambricon's Record Profit Amid China's Shift Away from Nvidia
Originally Published 4 months ago — by Fortune
Cambricon, a Chinese semiconductor company, posted a 4,300% revenue increase in the first half of the year, reflecting China's push for local chip development amid U.S. export restrictions that have limited Nvidia's sales in China. While Nvidia faces increased competition from Chinese firms like Cambricon and Huawei, it continues to seek regulatory approval to sell its high-performance chips in China, aiming to maintain its market presence despite geopolitical tensions.