Chinese AI chipmakers gain as Beijing steers buyers from Nvidia
What's new: Chinese firms expect to spend 46% of AI accelerator budgets on local chips, up from 30%, as US curbs persist.
Chinese AI chipmakers are set for stronger sales after Beijing pushed domestic tech companies to replace Nvidia products with homegrown alternatives. Cambricon Technologies is expected to post sharply higher first-half revenue, while Shanghai Iluvatar CoreX Semiconductor could see sales triple and Moore Threads Technology projected revenue growth of as much as 149% for the period. The shift comes even after Washington recently cleared limited sales of Nvidia's H200 to China, with US officials saying actual shipments have been trivial. Huawei Technologies, Alibaba Group's T-Head and Hygon Information Technology are also positioned to gain share as China expands data center investment and leans more heavily on local suppliers.