https://www-scmp-com.libproxy1.nus.edu.sg/rss/524818/feed Moore Threads Technology is a Chinese company that specialises in the design of graphics processing units (GPUs) used in high-powered computing, such as video games and artificial intelligence. The company was founded in Beijing in 2020 by Nvidia's former China manager Zhang Jianzhong, along with several former Nvidia engineers. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Wency Chen,Howard Liu Wency Chen,Howard Liu China has set a five-year goal for the expansion of intelligent computing capacity to drive artificial intelligence (AI) that calls for a more than fourfold increase on what was in place at the end of June this year. To reach the 2030 target while being blocked by the United States from importing the most advanced Western-made AI chips will require innovation, adaptation and the application and coordination of vast resources. Judging by the 177 per cent increase in capacity achieved in the year... https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/policy/article/3369537/chinas-ai-compute-ambitions-demand-innovation?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/policy/article/3369537/chinas-ai-compute-ambitions-demand-innovation?utm_source=rss_feed Fri, 02 Oct 2026 07:05:21 +0000 Ann Cao Ann Cao China is bracing for a potential massive sell-off of a high-profile artificial intelligence chip stock on Thursday, when a lock-up period affecting 14 million shares in MetaX Integrated Circuits is set to expire. Analysts expect MetaX to face “significant selling pressure” when the restricted shares are released for trading, after the expiry of a similar lock-up period for shares in fellow AI chip firm Moore Threads last week sparked an avalanche of sales that wiped nearly 49 billion yuan... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3367745/chinas-ai-chip-stocks-face-crucial-test-metax-lock-period-expires?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3367745/chinas-ai-chip-stocks-face-crucial-test-metax-lock-period-expires?utm_source=rss_feed Wed, 16 Sep 2026 12:25:00 +0000 Ann Cao Ann Cao In the high-stakes battle for China’s top talent, domestic tech companies – especially in semiconductors and artificial intelligence – are rolling out aggressive equity incentive plans as they capitalise on a bull market to retain key personnel. Recent corporate filings revealed an unprecedented wave of stock grants, ranging from zero-cost share awards to near-blanket workforce coverage, all aimed at locking in critical talent amid fierce domestic headhunting and the intensifying US-China tech... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3364689/pay-perks-equity-chinas-ai-chip-firms-lead-way-offering-rewards-lock-talent?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3364689/pay-perks-equity-chinas-ai-chip-firms-lead-way-offering-rewards-lock-talent?utm_source=rss_feed Sat, 22 Aug 2026 07:00:06 +0000 Ann Cao Ann Cao China’s top two contract chipmakers, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Grace Semiconductor, saw their profits surge by triple digits in the second quarter, amid a spike in demand for domestic artificial intelligence chips free of US export controls. Net profits for SMIC and Hua Hong jumped 261.7 per cent and 385.9 per cent year on year to US$479.2 million and US$38.6 million, respectively, in the June quarter. SMIC, the country’s largest foundry, said... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3363929/ai-demand-drives-triple-digit-quarterly-profit-growth-chinese-foundries-smic-hua-hong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3363929/ai-demand-drives-triple-digit-quarterly-profit-growth-chinese-foundries-smic-hua-hong?utm_source=rss_feed Thu, 13 Aug 2026 11:00:10 +0000 Howard Liu,Coco Feng Howard Liu,Coco Feng Chinese artificial intelligence (AI) chip developer Moore Threads plans to seek a listing in Hong Kong after reporting a 147 per cent jump in first-half revenue, as the Nvidia challenger seeks fresh capital amid booming demand for home-grown computing power. The Shanghai-listed company said on Sunday that its board had approved a plan to issue H shares and list on the main board of the Hong Kong stock exchange, a move designed to deepen the firm’s “international strategic footprint”, attract and... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3363448/moore-threads-plans-hong-kong-listing-after-posting-147-jump-first-half-revenue?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3363448/moore-threads-plans-hong-kong-listing-after-posting-147-jump-first-half-revenue?utm_source=rss_feed Sun, 09 Aug 2026 11:20:44 +0000 Ann Cao Ann Cao Chinese artificial intelligence (AI) chip giant Cambricon Technologies reported a 108 per cent surge in first-half revenue on Friday, as the firm capitalises on a massive domestic push to replace foreign AI hardware. The chipmaker’s revenue for the first six months of the year reached 6 billion yuan (US$890 million), while profits also jumped 122.6 per cent year on year to 2.3 billion yuan, according to a stock exchange filing. In the second quarter, the firm’s revenue was 3.1 billion yuan, in... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3363351/cambricon-posts-108-surge-first-half-revenue-amid-chinas-massive-ai-chip-drive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3363351/cambricon-posts-108-surge-first-half-revenue-amid-chinas-massive-ai-chip-drive?utm_source=rss_feed Fri, 07 Aug 2026 12:54:54 +0000 Ann Cao Ann Cao Chinese artificial intelligence chip champion Cambricon Technologies has set a target of more than 100 billion yuan (US$14.8 billion) in revenue over the next three years as the prerequisite for a newly proposed employee stock incentive plan. The goal marked a nearly 20-fold increase from its previous plan set three years ago, which aimed for 4.6 billion yuan in cumulative revenue from 2024 to 2026. It is the latest sign that domestic AI chipmakers are riding a historic market rally, driven by... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3362223/chinese-ai-chip-giant-cambricon-sets-us148b-revenue-goal-tied-staff-incentive-plan?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3362223/chinese-ai-chip-giant-cambricon-sets-us148b-revenue-goal-tied-staff-incentive-plan?utm_source=rss_feed Wed, 29 Jul 2026 06:21:19 +0000 Ann Cao Ann Cao Traffic almost came to a standstill 2km (1.2 miles) from the Shanghai Expo Centre on Friday, the first day of the World Artificial Intelligence Conference (WAIC). With temperatures nearing 40 degrees Celsius (104 degrees Fahrenheit), scores of attendees abandoned their taxis to walk the rest of the way under the hot sun. This year’s conference mirrored the weather: it was the hottest, most crowded WAIC in my six years covering the event and, I was told, the most vibrant since its inception in... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3361404/heat-hardware-and-high-stakes-chinas-biggest-world-artificial-intelligence-conference?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3361404/heat-hardware-and-high-stakes-chinas-biggest-world-artificial-intelligence-conference?utm_source=rss_feed Wed, 22 Jul 2026 03:30:07 +0000 Ann Cao Ann Cao Alibaba Group Holding’s chip design unit, T-Head, has announced that it will open-source its proprietary software stack, marking its latest effort to streamline developer operations and challenge the dominance of American chip giant Nvidia’s CUDA ecosystem. At the World AI Conference (WAIC) in Shanghai on Saturday, T-Head announced that it was making the full technical stack of SAIL – the foundational software architecture for the unit’s Zhenwu series of AI chips – freely available to... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-war/article/3361048/alibaba-targets-nvidias-dominant-software-ecosystem-open-source-ai-stack?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-war/article/3361048/alibaba-targets-nvidias-dominant-software-ecosystem-open-source-ai-stack?utm_source=rss_feed Sat, 18 Jul 2026 11:00:07 +0000 Ann Cao Ann Cao Chinese chip designers Moore Threads Technology and Hygon Information Technology – both positioning themselves as home-grown alternatives to Nvidia – have projected double- to triple-digit revenue growth for the first half of the year, fuelled by surging domestic demand for AI computing power. Beijing-based Moore Threads, a graphics processing unit (GPU) developer, stated in a stock exchange filing on Thursday that it expected revenue for the period to jump 135.1 per cent to 149.4 per cent year... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3360908/chinese-nvidia-alternatives-project-massive-sales-ai-chip-demand-surges?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3360908/chinese-nvidia-alternatives-project-massive-sales-ai-chip-demand-surges?utm_source=rss_feed Fri, 17 Jul 2026 06:16:40 +0000 Zhang Shidong Zhang Shidong President Xi Jinping gave investors a surprise in 2018 when he floated the idea of a tech-focused board on the Shanghai Stock Exchange (SSE). He also gave China a powerful asset, as the board – later dubbed the Star Market – has become a financial engine powering breakthroughs in frontier technologies including artificial intelligence, robotics and semiconductors. The Star Market, officially known as the Sci-Tech Innovation Board under the Shanghai bourse, now forms an important part of China’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3360094/star-market-7-tech-centric-stock-exchange-powers-chinas-innovation-rise?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3360094/star-market-7-tech-centric-stock-exchange-powers-chinas-innovation-rise?utm_source=rss_feed Sat, 11 Jul 2026 02:00:07 +0000 Zhang Shidong Zhang Shidong The unevenness of China’s economy is now well reflected in its US$16 trillion stock market, as technology companies ride a bull run but consumer stocks fall behind. Artificial intelligence chipmakers, from Cambricon Technologies to Moore Threads Technology, have led a roughly 50 per cent gain in the Nasdaq-style Star Market this year, as part of the global frenzy over AI. In stark contrast, Kweichow Moutai – considered a proxy for China’s domestic consumption – and other leading liquor producers... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359285/tech-rallies-and-consumer-shares-lag-chinas-stock-market-forms-microcosm-economy?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359285/tech-rallies-and-consumer-shares-lag-chinas-stock-market-forms-microcosm-economy?utm_source=rss_feed Mon, 06 Jul 2026 00:30:09 +0000 Daisy Wu Daisy Wu China’s artificial intelligence stocks entered the second half of 2026 with improving earnings momentum, but first-half results and high-profile bearish positioning by US investors regarding the global AI trade have begun to weigh on sentiment. “It is only a matter of time now,” said Michael Burry, the US hedge fund manager, in a post on Substack on Tuesday. Burry, who famously shorted the American housing market before the 2008 financial crisis and whose story was later popularised in the 2015... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359195/chinas-ai-stocks-surge-65-first-half-bubble-fears-begin-weigh-sentiment?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3359195/chinas-ai-stocks-surge-65-first-half-bubble-fears-begin-weigh-sentiment?utm_source=rss_feed Fri, 03 Jul 2026 00:00:09 +0000 Wency Chen,Ann Cao Wency Chen,Ann Cao TikTok owner ByteDance aims to finalise the design of its next-generation in-house central processing unit (CPU) by early next year at the latest, targeting mass production and wider deployment in the second half of 2027 to fuel its expanding AI ambitions, according to three people familiar with the matter. An early version of the proprietary CPU had been used in-house since late last year, one of the people said. However, given the urgent demand, tape-out of the new CPU could be brought... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3358777/bytedance-targets-early-next-year-new-cpu-power-own-ai-infrastructure-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3358777/bytedance-targets-early-next-year-new-cpu-power-own-ai-infrastructure-sources?utm_source=rss_feed Mon, 29 Jun 2026 12:00:22 +0000 Howard Liu Howard Liu China’s campaign for semiconductor self-sufficiency has entered a consolidation phase, with state-backed toolmakers swallowing smaller rivals in a bid to forge national champions aimed at defying US export curbs. In the latest move, Shanghai-listed chip equipment maker Piotech said in a filing to the stock exchange on Saturday that it planned to acquire a controlling stake in Wuxi Shangji Semiconductor. Piotech’s largest shareholder was China’s state-backed National Integrated Circuit Industry... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-war/article/3358745/chinas-piotech-looks-acquire-wuxi-shangji-amid-us-chip-curbs?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-war/article/3358745/chinas-piotech-looks-acquire-wuxi-shangji-amid-us-chip-curbs?utm_source=rss_feed Mon, 29 Jun 2026 09:30:07 +0000 Howard Liu,Ann Cao Howard Liu,Ann Cao As Chinese technology giant ByteDance accelerates its shift towards domestic chips for artificial intelligence workloads, a few smaller domestic suppliers stand to benefit – if they can deliver at scale amid a void left by Nvidia due to regulatory hurdles. The Beijing-based owner of TikTok is considering turning to a handful of so-called tier-two chipmakers in China – smaller rivals to Huawei Technologies and Cambricon Technologies – for its cloud infrastructure, according to sources and... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3357545/bytedance-spends-billions-ai-which-chinese-chip-start-ups-stand-gain?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3357545/bytedance-spends-billions-ai-which-chinese-chip-start-ups-stand-gain?utm_source=rss_feed Thu, 18 Jun 2026 08:11:42 +0000 Xinmei Shen Xinmei Shen Chinese artificial intelligence models have become increasingly competitive with their US peers, but the country’s AI hardware still lags significantly behind. While domestic chips are now widely adopted for model inference, none of China’s top models are known to have been pre-trained on homegrown silicon. To understand this gap, it helps to look at the three stages of AI model development. First is pre-training, the most computationally demanding phase, where a model feeds on massive data sets... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3357391/can-chinese-silicon-replace-nvidia-here-are-5-ai-models-trained-local-chips?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3357391/can-chinese-silicon-replace-nvidia-here-are-5-ai-models-trained-local-chips?utm_source=rss_feed Wed, 17 Jun 2026 06:30:32 +0000 Zhang Shidong,Peggy Ye Zhang Shidong,Peggy Ye Signs are omnipresent that mainland Chinese investors are rotating out of Hong Kong stocks and back to the onshore yuan-denominated market, as they recalibrate to add domestic exposure to the fervour surrounding the artificial intelligence buildout. Onshore investors sold a combined HK$3.6 billion (US$459.5 million) of Hong Kong stocks through the cross-border exchange link programme in May, marking the first monthly outflow in three years, according to data from the city’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3355963/hong-kong-stocks-struggle-mainland-china-markets-ride-ai-wave?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3355963/hong-kong-stocks-struggle-mainland-china-markets-ride-ai-wave?utm_source=rss_feed Thu, 04 Jun 2026 23:00:09 +0000 Zhang Shidong Zhang Shidong A semi-annual reshuffle of key gauges tracking China’s yuan-denominated stocks is set to boost the representation of technology companies, a move expected to lure more inflows and further increase the sector’s appeal, according to investment banks. The shake-up was projected to spur US$3.1 billion of inflows into tech hardware and semiconductor makers, according to Goldman Sachs. Domestic brokerages including Guosen Securities said the changes would inject more confidence into tech stocks,... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3355523/china-index-reshuffle-entrench-tech-trades-and-boost-ai-rally-brokerages?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3355523/china-index-reshuffle-entrench-tech-trades-and-boost-ai-rally-brokerages?utm_source=rss_feed Mon, 01 Jun 2026 09:00:06 +0000 Ann Cao Ann Cao Under the weight of sustained US export controls on advanced semiconductors, China’s AI chipmakers are battling to forge a self-reliant silicon ecosystem capable of breaking Nvidia’s stranglehold on the market. At the centre of this rivalry is a fundamental design debate: Should the country rely on the versatile graphics processing unit (GPU) or pivot to the highly specialised application-specific integrated circuit (ASIC)? The fight is no longer about finding a single Nvidia clone; it is about... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3355294/beyond-nvidia-how-us-export-curbs-are-forcing-china-redesign-its-ai-chip-industry?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3355294/beyond-nvidia-how-us-export-curbs-are-forcing-china-redesign-its-ai-chip-industry?utm_source=rss_feed Mon, 01 Jun 2026 02:00:16 +0000 Howard Liu Howard Liu For the first time, China has included artificial intelligence chips in its official “secure and reliable” technology assessments, expanding the scope of a state-backed drive to adopt domestic alternatives to Western products. The China Information Technology Security Evaluation Centre and the National Secrecy Science and Technology Evaluation Centre released the latest batch of assessments on Tuesday evening, creating a new category for “AI training and inference chips”. The certifications were... https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3354993/china-adds-ai-chips-secure-technology-assessment-list-amid-us-curbs?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3354993/china-adds-ai-chips-secure-technology-assessment-list-amid-us-curbs?utm_source=rss_feed Wed, 27 May 2026 06:00:39 +0000 Themis Qi Themis Qi Twenty-six US semiconductor firms, from Qualcomm to Nvidia, saw their China revenue climb by an average of 20 per cent last year, despite trade tensions, according to a new analysis. The data, featured in the latest “Hurun Top 100 US Enterprises in China 2026” report released by the Hurun Research Institute on Monday, tracks the performance of 100 publicly listed American companies based on their revenue in China last year. Among the top 100 earners in China, 26 were from the semiconductor... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354805/us-chipmakers-china-see-revenue-rise-defying-trade-tensions-hurun-list?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3354805/us-chipmakers-china-see-revenue-rise-defying-trade-tensions-hurun-list?utm_source=rss_feed Mon, 25 May 2026 15:03:11 +0000 Iris Deng Iris Deng China’s top economic planner denied pressuring domestic tech companies to turn down foreign investment amid rising concerns sparked by its recent blocking of Facebook owner Meta Platforms’ proposed buyout of Chinese-founded AI start-up Manus. “We have never required Chinese tech firms not to accept foreign investment,” Li Chao, spokesman for the National Development and Reform Commission (NDRC), said at a press conference on Friday. “We support Chinese firms to integrate into the global... https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3354547/despite-blocking-metas-manus-deal-china-says-door-open-foreign-tech-investment?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3354547/despite-blocking-metas-manus-deal-china-says-door-open-foreign-tech-investment?utm_source=rss_feed Fri, 22 May 2026 10:30:04 +0000 Ann Cao,Ji Siqi Ann Cao,Ji Siqi US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In this story, part of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we examine how artificial intelligence (AI), chip controls and competing technology ecosystems are redefining US-China rivalry. Nvidia CEO Jensen Huang was the... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3353180/chinas-ai-ascent-leaves-trump-stark-choice-escalate-or-relax-chip-controls?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3353180/chinas-ai-ascent-leaves-trump-stark-choice-escalate-or-relax-chip-controls?utm_source=rss_feed Mon, 11 May 2026 22:00:12 +0000 Ben Jiang Ben Jiang Chinese artificial intelligence high-flier DeepSeek is expected to close its first external financing round soon, boosting its valuation to up to US$50 billion, according to three people familiar with the matter, as the country’s marquee state-backed investment vehicle joins in bankrolling what is seen as a national technology champion. The round was being backed by a group of state-linked investors, including AI-focused affiliates under the third phase of the China Integrated Circuit Industry... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3352945/deepseek-soon-close-first-external-fundraising-us50b-valuation-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3352945/deepseek-soon-close-first-external-fundraising-us50b-valuation-sources?utm_source=rss_feed Fri, 08 May 2026 13:06:07 +0000 Minxiao Chang Minxiao Chang The release of DeepSeek’s latest large language model, V4, has been followed by a wave of adoption among domestic semiconductor manufacturers and artificial intelligence chipmakers, with firms racing to support the model on local hardware platforms. The shift comes amid rising geopolitical tensions over advanced semiconductors. Here are some of the key players enabling the model’s deployment on domestic hardware. Huawei Huawei Technologies was among the first to act, with the V4 fully adapted to... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3352644/chinas-chipmakers-rush-embrace-deepseeks-v4-which-names-stand-out?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3352644/chinas-chipmakers-rush-embrace-deepseeks-v4-which-names-stand-out?utm_source=rss_feed Wed, 06 May 2026 12:30:05 +0000 Eunice Xu Eunice Xu China’s chip champions channelled a larger proportion of revenue into research and development (R&D) than their US peers, first-quarter earnings show, as Beijing presses ahead with its tech self-reliance drive amid an artificial intelligence boom. Beijing-based Moore Threads spent half of its revenue on R&D in the quarter ended March 2026, while Shanghai-based MetaX spent 45 per cent over the same period, according to exchange filings. By contrast, US chipmakers such as AMD and Intel have... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3352533/chinas-chipmakers-pour-revenue-rd-outpacing-us-ratios?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3352533/chinas-chipmakers-pour-revenue-rd-outpacing-us-ratios?utm_source=rss_feed Wed, 06 May 2026 02:30:05 +0000 Ann Cao Ann Cao In China, computing facilities have emerged as a new form of infrastructure over the past two years, sparking an arms race among cities and technology companies to build 10,000-card computing clusters. These clusters – which link 10,000 or more artificial intelligence accelerator chips – enable faster iteration of AI capabilities and significantly reduce model training times. Domestic champions, from tech giants such as Huawei Technologies and Alibaba Group Holding to graphics processing unit... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3352200/supersized-and-scaling-china-pushes-10000-card-computing-clusters-ai-race?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3352200/supersized-and-scaling-china-pushes-10000-card-computing-clusters-ai-race?utm_source=rss_feed Tue, 05 May 2026 15:00:08 +0000 Zhang Shidong Zhang Shidong DeepSeek’s launch of its latest artificial intelligence model could likely trigger a broad reassessment of stocks across the industry chain from chipmakers to large language model developers, analysts say, with the breakthrough poised to drive demand for computing power and more commercial adoption. The unveiling of the V4 series marked another milestone for the Hangzhou-based start-up, which described the model as the most powerful open-source platform capable of challenging US rivals such as... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3352126/who-could-gain-deepseeks-v4-china-chips-poised-stronger-demand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3352126/who-could-gain-deepseeks-v4-china-chips-poised-stronger-demand?utm_source=rss_feed Sun, 03 May 2026 23:00:10 +0000 Ann Cao Ann Cao Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its share price surge by nearly 400 per cent in its trading debut on Tuesday, as investors banked on the country’s quest for a fast-growing alternative to conventional electronic semiconductors in artificial intelligence data centres. The Shanghai-based company opened at HK$880, versus the offer price of HK$183.20 – the top of its marketed range of HK$166.60 to HK$183.20. It raised HK$2.4 billion... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3351551/lightelligence-jumps-hong-kong-debut-amid-ai-driven-demand-photonics-chips?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3351551/lightelligence-jumps-hong-kong-debut-amid-ai-driven-demand-photonics-chips?utm_source=rss_feed Tue, 28 Apr 2026 02:03:55 +0000 Iris Deng Iris Deng Shares of Moore Threads, one of China’s Nvidia challengers, jumped as much as 12.5 per cent on Monday morning on the back of a swing to a profit in the first quarter, as domestic graphics processing unit (GPU) champions capitalised on surging computing demand amid Beijing’s push for chip self-sufficiency. The Beijing-based firm reported a net profit of 29.4 million yuan (US$4.3 million) for the January to March 2026 period, compared with a net loss of 112.5 million yuan a year earlier, according... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3351492/moore-threads-posts-us43m-profit-nvidia-rival-surges-amid-beijing-chip-push?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3351492/moore-threads-posts-us43m-profit-nvidia-rival-surges-amid-beijing-chip-push?utm_source=rss_feed Mon, 27 Apr 2026 01:00:13 +0000 Minxiao Chang Minxiao Chang Chinese artificial intelligence company Zhipu AI open-sourced its latest flagship model, GLM-5.1, on Wednesday while raising application programming interface prices by 10 per cent, signalling a shift towards monetising advanced AI capabilities as competition with US rivals intensifies. The move marked Zhipu’s second price increase this year, following a broader overhaul in February that lifted rates for its coding subscription plans by more than 30 per cent. While the latest adjustment was more... https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3349422/chinas-zhipu-ai-open-sources-flagship-model-raises-prices-narrow-gap-us-rivals?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3349422/chinas-zhipu-ai-open-sources-flagship-model-raises-prices-narrow-gap-us-rivals?utm_source=rss_feed Wed, 08 Apr 2026 13:00:27 +0000 Ben Jiang,Ann Cao Ben Jiang,Ann Cao Biren Technology and Iluvatar CoreX, two Chinese graphics processing unit (GPU) champions that are seen as potential alternatives to Nvidia, saw their revenues surge in 2025 amid China’s accelerated push for chip self-sufficiency, according to their first earnings reports since listing in January. Biren’s annual revenue surged 207.2 per cent from a year ago to 1.03 billion yuan (US$149 million), beating the consensus estimate of 954.5 million yuan, while its crosstown rival Iluvatar CoreX posted... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3348446/biren-iluvatar-corex-post-triple-digit-revenue-growth-losses-persist-ai-chip-race?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3348446/biren-iluvatar-corex-post-triple-digit-revenue-growth-losses-persist-ai-chip-race?utm_source=rss_feed Mon, 30 Mar 2026 14:45:09 +0000 Eunice Xu Eunice Xu As leading Chinese chip executives predict that autonomous AI agents will trigger an unprecedented explosion in computing demand, Hong Kong is accelerating efforts to expand its artificial intelligence computing capacity. Calling token consumption in the era of AI “far beyond our imagination”, Zhang Jianzhong, founder and CEO of graphics processing unit designer Moore Threads, said at an AI summit in Hong Kong on Saturday that the exponential surge in demand had made it impossible for anyone to... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3347609/surging-demand-ai-agents-fuels-hong-kongs-race-expand-computing-power?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3347609/surging-demand-ai-agents-fuels-hong-kongs-race-expand-computing-power?utm_source=rss_feed Tue, 24 Mar 2026 02:30:09 +0000 Coco Feng Coco Feng Cambricon Technologies, a Chinese semiconductor designer seen as a potential alternative to US giant Nvidia, will pay its maiden dividend after posting its first full-year profit since listing in 2020. Cambricon, dubbed “little Nvidia”, planned to distribute a cash dividend of 15 yuan (US$2.2) for every 10 shares held, totalling more than 632 million yuan, according to its filing to the Shanghai Stock Exchange on Thursday. Another 20 million yuan would be allocated for share buy-backs, taking... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3346447/cambricon-chinas-little-nvidia-pay-maiden-dividend-after-profitable-2025?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3346447/cambricon-chinas-little-nvidia-pay-maiden-dividend-after-profitable-2025?utm_source=rss_feed Fri, 13 Mar 2026 04:34:06 +0000 Ben Jiang Ben Jiang Chinese chip designers from Cambricon Technologies and Moore Threads Technology to MetaX Integrated Circuits posted stellar earnings on Friday, driven by growing demand for domestic semiconductors amid Beijing’s tech-sufficiency push. Beijing-based Cambricon, seen as a local alternative to US chip giant Nvidia, reported a net profit of 2.06 billion yuan (US$301 million) for 2025, its first full-year profit since listing in 2020, according to a filing to the Shanghai Stock Exchange. Revenue for... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed Fri, 27 Feb 2026 14:26:21 +0000 Ann Cao Ann Cao Semiconductor designer Moore Threads Technology has achieved full-stack compatibility between its flagship MTT S5000 graphics processing unit (GPU) and Alibaba Cloud’s Qwen3.5-series artificial intelligence models, as China’s tech self-reliance efforts gather pace. Beijing-based Moore Threads, founded by former Nvidia executive James Zhang Jianzhong, on Thursday said the firm’s flagship AI chip was now compatible with the three new models under the latest Qwen series – Qwen3.5-35B-A3B,... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3344877/moore-threads-flagship-ai-chip-compatible-alibaba-models-tech-self-reliance-push?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3344877/moore-threads-flagship-ai-chip-compatible-alibaba-models-tech-self-reliance-push?utm_source=rss_feed Fri, 27 Feb 2026 09:26:06 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence company Zhipu AI’s shares fell nearly 23 per cent on Monday, wiping out more than HK$70 billion (US$9 billion) in market capitalisation as concerns mount over the Hong Kong-listed firm’s computing resources constraints. The stock slump came as Zhipu issued public calls last week to partner with computing resources providers globally, as user complaints about service quality continue to dog the firm despite frenzied investor interest in recent weeks. The shares... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3344344/chinese-ai-firm-zhipus-shares-tumble-nearly-23-computing-woes-user-complaints?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3344344/chinese-ai-firm-zhipus-shares-tumble-nearly-23-computing-woes-user-complaints?utm_source=rss_feed Mon, 23 Feb 2026 10:30:07 +0000 Wency Chen Wency Chen Artificial intelligence chip designer Enflame Technology on Wednesday entered the inquiry stage of its initial public offering, moving a step closer to joining a string of high-profile semiconductor sector listings on the Shanghai Stock Exchange’s technology-focused Star Market. The listing of the Shanghai-based unicorn is the next closely watched chip offering, as investor appetite for domestic AI chipmakers remains strong. In this explainer, the South China Morning Post examines the next steps... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed Fri, 13 Feb 2026 00:00:20 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence company Zhipu AI has launched its latest flagship model, the GLM-5, with a leap in coding capabilities amid a heated race among Chinese tech firms to roll out major new models ahead of the Spring Festival holiday. Zhipu AI, known internationally as Z.ai, said that the GLM-5 represented a shift in AI development from “vibe coding” to “agentic engineering” – AI-automated coding at a larger scale – thanks to its latest model’s enhanced performance. The model’s... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3343239/chinas-zhipu-ai-launches-new-major-model-glm-5-challenge-its-rivals?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3343239/chinas-zhipu-ai-launches-new-major-model-glm-5-challenge-its-rivals?utm_source=rss_feed Wed, 11 Feb 2026 21:22:50 +0000 Julie Zhang Julie Zhang Stock exchanges in Shanghai, Shenzhen and Beijing – the three major bourses in mainland China – announced a package of measures on Monday to fast-track fundraising for cutting-edge firms amid the country’s self-reliance push in tech. The three operators said they would shorten waiting periods for listed technology firms filing for refinancing or post-initial-public-offering (IPO) fundraising activities, cutting the refinancing interval to as little as six months, according to state news agency... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed Tue, 10 Feb 2026 03:26:47 +0000 Ann Cao Ann Cao Moore Threads – one of China’s domestic artificial intelligence chip champions – has entered the intensifying race for AI coding tools with the launch of a new service built on its latest graphics processing unit (GPU). The Beijing-based company on Tuesday unveiled its “AI Coding Plan”, a vertically integrated development suite that runs on a fully domestic hardware-to-model stack, marking a strategic push beyond chipmaking into developer-facing software services. AI coding has emerged as a key... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3342398/moore-threads-sees-beyond-silicon-push-ai-coding?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3342398/moore-threads-sees-beyond-silicon-push-ai-coding?utm_source=rss_feed Wed, 04 Feb 2026 12:00:38 +0000 Coco Feng Coco Feng Enterprises across China’s semiconductor industry recorded hefty profit growth last year, according to their unaudited financial results, driven by the country’s artificial intelligence infrastructure buildout and Beijing’s push for tech self-reliance. Graphics processing unit (GPU) designer Cambricon Technologies on Friday reported a net profit of 2.2 billion yuan (US$316 million) in 2025, its first profitable year, on the back of “the continuous rise in computing power demand within the AI... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3341834/chinas-semiconductor-firms-post-hefty-2025-profits-amid-ai-boom-tech-self-reliance-drive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3341834/chinas-semiconductor-firms-post-hefty-2025-profits-amid-ai-boom-tech-self-reliance-drive?utm_source=rss_feed Sat, 31 Jan 2026 06:00:19 +0000 Ann Cao Ann Cao The plans of Alibaba Group Holding and Baidu to list their semiconductor design units could intensify competition with other domestic artificial intelligence chip developers to unseat Nvidia as the country’s top supplier of high-performance AI processors, according to analysts. The two Chinese internet peers’ initiatives reflected the strong investor appetite for AI chip firms and growing demand for alternative computing resources in the domestic AI sector, as Beijing pushed for greater... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed Sat, 24 Jan 2026 03:00:17 +0000 Mia Nurmamat Mia Nurmamat Private sector enterprises comprised 40 per cent of the top 100 listed Chinese companies by market value in the second half of last year, led by high-profile technology firms involved in China’s artificial intelligence (AI) boom, according to the Peterson Institute for International Economics. That represented an increase of 2.4 percentage points from the first half of last year, the Washington-based think tank said in a report released on Tuesday that also highlighted a marked rebound from a... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3340856/chinas-private-sector-increases-presence-among-top-100-listed-companies?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3340856/chinas-private-sector-increases-presence-among-top-100-listed-companies?utm_source=rss_feed Thu, 22 Jan 2026 12:00:10 +0000 Ann Cao Ann Cao Moore Threads, one of China’s artificial intelligence chip champions, expects to report a tripling of revenue for 2025, reflecting how local semiconductor firms are expanding rapidly amid Beijing’s push for self-sufficiency. The company, founded in 2020 by Nvidia’s former China head Zhang Jianzhong, said it expected revenue to land between 1.45 billion yuan (US$208 million) and 1.52 billion yuan after surging between 231 per cent and 247 per cent compared with 2024, according to a stock exchange... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed Thu, 22 Jan 2026 10:30:09 +0000 Zhang Shidong,Daniel Ren Zhang Shidong,Daniel Ren The valuation expansion that elevated Chinese stocks to world-leading gains last year will continue to galvanize equity financing by artificial intelligence companies in 2026 after a slew of eye-popping listings by key players, according to analysts. More AI players will capitalise on the rich valuations of mainland China’s technology boards to raise funds to drive research and expansion, as China and the US compete for dominance in the world’s cutting-edge technologies. After a solid run in... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3339859/chinas-valuation-driven-stock-rally-ai-optimism-stretch-fundraising-frenzy-2026?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3339859/chinas-valuation-driven-stock-rally-ai-optimism-stretch-fundraising-frenzy-2026?utm_source=rss_feed Wed, 14 Jan 2026 08:18:19 +0000 Themis Qi,Aileen Chuang Themis Qi,Aileen Chuang Mainland chip designer GigaDevice Semiconductor jumped more than 37 per cent on its first trading day in Hong Kong on Tuesday, as the Beijing-based firm’s debut catered to investor appetite for tech companies amid China’s push for self-reliance. The firm’s shares surged 45 per cent to HK$235 at the start of trading, versus the offer price of HK$162, before ending the day up 37.5 per cent at HK$222.80. The close valued the company at around HK$155.2 billion (US$19.9 billion). Its Shanghai-listed... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3339660/chip-designer-gigadevice-surges-45-hong-kong-debut-amid-chinas-self-reliance-drive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3339660/chip-designer-gigadevice-surges-45-hong-kong-debut-amid-chinas-self-reliance-drive?utm_source=rss_feed Tue, 13 Jan 2026 02:00:14 +0000 Ann Cao Ann Cao Baidu and Huawei Technologies collectively accounted for more than 70 per cent of China’s market for cloud services built on home-grown graphics processing units (GPUs) in the first half of 2025, as home-grown artificial intelligence chips gain traction amid rising demand for computing power and a wave of public listing plans. The figures, published in a Frost & Sullivan report released on Sunday, defined “GPU cloud” providers as companies that controlled the full chip-to-cloud value chain –... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3338800/baidu-and-huawei-tighten-grip-chinas-gpu-cloud-chipmakers-chase-ipos?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3338800/baidu-and-huawei-tighten-grip-chinas-gpu-cloud-chipmakers-chase-ipos?utm_source=rss_feed Mon, 05 Jan 2026 13:00:13 +0000 Zhang Shidong,Yulu Ao Zhang Shidong,Yulu Ao Initial public offerings (IPOs) in mainland China nearly doubled in 2025 from a year earlier after the securities regulator rolled back curbs on new listings and resumed approvals for pre-profit technology companies, in line with Beijing’s drive to replace imported tech products with home-grown alternatives. A total of 115 companies raised a combined 128 billion yuan (US$18.3 billion) from IPOs on the Shanghai, Shenzhen and Beijing exchanges last year, according to Bloomberg data. That eclipsed... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3338143/turning-point-china-doubles-ipos-2025-amid-eased-curbs-drive-tech-innovation?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3338143/turning-point-china-doubles-ipos-2025-amid-eased-curbs-drive-tech-innovation?utm_source=rss_feed Sun, 04 Jan 2026 06:00:18 +0000