China's AI boom, self-sufficiency push fuel earnings surge for local chip firms

Chinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits as demand for home-grown processors and AI infrastructure filters through the supply chain amid Beijing's self-reliance push. Shanghai-listed Yuanjie Semiconductor expects quarterly net profit of 403–453 million yuan, up 579–660%; GPU designer MetaX estimates a first-nine-months swing to profit of 587–717 million yuan; and Hygon projects nine-month revenue growth of 50–64% on rising demand for domestic high-end chips.