Cambricon Technologies Corp. swung to a record profit in the first half, reflecting a wave of demand for Chinese chips after Beijing encouraged the use of homegrown technology in a post- DeepSeek AI boom.

The Chinese AI chip designer, which competes with Huawei Technologies Co. to provide accelerators for developing and hosting AI models, posted Bloomberg Terminal a 1.03 billion yuan profit ($144 million) versus a year-earlier loss of 533 million yuan. Thats off a roughly Bloomberg Terminal 44-fold surge in revenue to 2.9 billion yuan.

寒武纪科技公司上半年实现创纪录盈利，这反映出在北京鼓励采用国产技术后，中国芯片需求激增，尤其是在深度求索人工智能热潮之后。

这家中国人工智能芯片设计公司与华为技术有限公司竞争，为开发和托管人工智能模型提供加速器。该公司在彭博终端公布的数据显示，其实现利润10.3亿元人民币（合1.44亿美元），而去年同期亏损5.33亿元人民币。这一业绩得益于收入激增约44倍，达到29亿元人民币。