China AI Chip Makers Post a Breakout Quarter
Four domestic vendors turned model-chip co-design into shipping revenue, with two crossing into profit.
Results for the first three quarters of 2026 show Hygon with revenue of 14.96 billion yuan, up 57.6%, and net profit of 2.85 billion yuan, up 45.1%. Cambricon posted revenue of 9.53 billion yuan, up 106.8%, and net profit of 3.72 billion yuan, up 131.5%. Moore Threads reported revenue of 3.29 billion yuan, up 319.2%, and Moxi 2.82 billion yuan, up 128.5%, both turning profitable from losses a year earlier. Domestic models from DeepSeek and Zhipu now receive day-zero support on these chips, cutting the model-to-silicon tuning cycle from months to days.
