Chinese chip designers Moore Threads Technology and Hygon Information Technology – both positioning themselves as home-grown alternatives to Nvidia – have projected double- to triple-digit revenue growth for the first half of the year, fuelled by surging domestic demand for AI computing power.
Beijing-based Moore Threads, a graphics processing unit (GPU) developer, stated in a stock exchange filing on Thursday that it expected revenue for the period to jump 135.1 per cent to 149.4 per cent year on year, reaching between 1.65 billion yuan (US$243.5 million) and 1.75 billion yuan.
Similarly, Hygon Information Technology, which designs central processing units (CPUs) and deep computing units – a type of accelerator card designed specifically for AI – projected first-half revenue growth of 55.6 per cent to 70.2 per cent, reaching between 8.5 billion yuan and 9.3 billion yuan.
The forecasts underscore strong domestic appetite for computing infrastructure amid a global race for dominance in artificial intelligence.
Moore Threads, which went public in December on Shanghai’s Star Market, officially known as the Sci-Tech Innovation Board, attributed the revenue surge to robust demand for its full-function GPUs and the rapid commercial roll-out of its Kua’e AI computing clusters.
The company also said that its flagship GPU, MTT S5000, had achieved market-leading performance. Moore Threads stated the chip was now in mass production and asserted that its computing efficiency matched top international alternatives.