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Cambricon’s third quarter profit surges 148% to US$210m amid push to replace Nvidia chips
Cambricon’s third quarter profit surges 148% to US$210m amid push to replace Nvidia chips
Chinese artificial intelligence chip giant Cambricon Technologies reported a 147.7 per cent surge in third-quarter profit on Friday, as the country’s aggressive push to replace Nvidia chips continues to fuel high growth among local chipmakers. The Shanghai-listed chipmaker generated 1.4 billion yuan (US$210 million) in net profit for the three months ended September 30, up from 566.6 million yuan…