Chinese AI chipmakers expect bumper sales as Beijing pushes local procurement

EarningsIndustry Impact 4
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Summary · why it matters

Chinese AI chip designers are projecting surging revenue this earnings season as Beijing pushes local firms to use homegrown components. Cambricon Technologies Corp. is expected to post sharply higher first-half revenue, while Shanghai Iluvatar CoreX Semiconductor Co. may see sales triple over the same period. Beijing-based Moore Threads Technology Co. said last month it expected first-half 2026 revenue to grow as much as 149%. A Bloomberg Intelligence survey in June found Chinese companies expect to spend 46% of their AI accelerator budget on locally-made chips in the next 12 months, up from 30% now. Morgan Stanley estimates China's self-sufficiency in AI chips could reach 70% by the end of this decade, driven by a 2 trillion yuan data center buildout that will rely on local suppliers for at least 80% of technology.

Impact on stocks 8

Artificial Intelligence▲ · 3 stocks
Semiconductors▲ · 2 stocks
Others▲ · 3 stocks

Theme Impact 5

Off-coverage companies 1

Moore Threads Technology Co LtdPrivate▲ Positive
Demandrelevance

Moore Threads expects first-half 2026 revenue growth up to 149% due to local procurement push.

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