NuAxiSemiconductor trade intelligence
[News] China GPU Race Intensifies: Cambricon Turns Profitable in 2025; Moore Threads, MetaX Narrow Losses
What happened
Cambricon reported a sharp turnaround to a net profit of 2.059B yuan in 2025, while Moore Threads and MetaX significantly narrowed losses amid surging revenues. This growth is driven by domestic demand under U.S. export restrictions, but supply chain disruptions and delayed mass production of Cambricon's Siyuan 690 introduce uncertainty. 利多: Strong revenue growth signals robust demand; 利空: Production delays and high R&D burn rates for smaller players pose supply and financial risks.
Impact and signal
Medium impactImpact score: 55/100
Affected components and suppliers
AI GPUTraining/Inference Chip
CambriconMoore ThreadsMetaX
earningscapacitysupply-chain
Source and time
Source: TrendForce · 3/8/2026 · View original source
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