Cambricon's third quarter profit surges 148% to US$210m amid push to replace Nvidia chips

The Shanghai-listed chipmaker generated 1.4 billion yuan in net profit for the three months ended September 30, up from 566.6 million yuan last year.

Revenue reached 3.5 billion yuan, an increase of 104.5% from a year ago, beating the 75.8% revenue increase seen in the second quarter.

Cambricon attributed the revenue surge to its continuous market expansion and efforts to facilitate the implementation of AI applications.