Shanghai-based GPU designer MetaX announced plans for a Hong Kong listing, aiming to raise capital for R&D, expansion, and strategic investments. The proposed H-share offering, representing up to 5% of enlarged capital, follows its recent debut on Shanghai's Star Market.
China's AI chipmakers are striving for self-reliance against US export controls, debating between versatile GPUs and specialized ASICs to challenge Nvidia's dominance. Key players like Huawei, Cambricon, and Moore Threads are central to this design debate.
In China, computing facilities have emerged as a new form of infrastructure over the past two years, sparking an arms race among cities and technology companies to build 10,000-card computing clusters. These clusters – which link 10,000 or more artificial intelligence accelerator chips – enable faster iteration of AI capabilities and significantly reduce model training times. Domestic champions, from tech giants such as Huawei Technologies and Alibaba Group Holding to graphics processing unit...
China has unveiled a new supercomputer built from entirely home-grown CPUs, with the aim of beating the world’s fastest machine while sidestepping US export controls. Known as Lingsheng or LineShine, it is designed to reach 2 exaflops – or two quintillion calculations per second – edging past the 1.8-exaflop El Capitan, the current record holder at the Lawrence Livermore National Laboratory in California. Unlike other exascale supercomputers, which rely on graphics processing units (GPUs),...
China has unveiled a new supercomputer built from entirely home-grown CPUs, with the aim of beating the world’s fastest machine while sidestepping US export controls. Known as Lingsheng or LineShine, it is designed to reach 2 exaflops – or two quintillion calculations per second – edging past the 1.8-exaflop El Capitan, the current record holder at the Lawrence Livermore National Laboratory in California. Unlike other exascale supercomputers, which rely on graphics processing units (GPUs),...
Moore Threads Technology, a Chinese GPU challenger to Nvidia, reported a Q1 2026 net profit of 29.4 million yuan, reversing a year-earlier loss of 112.5 million yuan. Quarterly revenue surged 155% to 737.6 million yuan, driven by domestic computing demand amid Beijing's chip self-sufficiency push. The company disclosed a 660 million yuan order for its KUAE computing cluster at end-March.
Moore Threads, a Beijing-based GPU maker challenging Nvidia, reported a Q1 2026 net profit of 29.4 million yuan versus a loss a year earlier, with revenue up 155% to 737.6 million yuan. Shares jumped 8.5% on Monday as the company benefits from Beijing's push for chip self-sufficiency. The firm disclosed a 660 million yuan order for its KUAE computing cluster at end-March.
Three Chinese optical module manufacturers have seen their stock prices surge 5-10x in the past year, with combined market capitalisation now exceeding baijiu giant Kweichow Moutai. Zhongji Innolight, the world's largest optical module producer, saw shares jump tenfold, while peers Eoptolink and TFC Optical gained more than five times. The firms, which produce components for high-speed data transmission in AI infrastructure, became the second and third most popular stocks among actively managed equity funds in Q1 2026.
Intel CEO Lip-Bu Tan says CPUs are making a comeback in the AI era, with the chip regaining importance as the indispensable foundation for AI workloads. The company beat first-quarter earnings estimates, with data centre revenue rising 22% to US$5.1 billion. Intel shares surged about 20% in after-hours trading, marking a rebound after lagging in the early AI boom. The shift is driven by increasing AI agentic capabilities that are fueling CPU demand, moving away from the earlier "more GPUs, more compute" narrative.
