
Chinese chip and tech firms report up to six-fold growth in unaudited third-quarter profits, driven by high demand for domestic processors and AI infrastructure amid a push for self-reliance.
AI-generated summary
Chinese technology firms are benefiting from a national push for self-reliance in processors and AI infrastructure.
Chinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits, as huge demand for home-grown processors and artificial intelligence infrastructure filters through links in the supply chain amid the country’s push for self-reliance.
Shanghai-listed Yuanjie Semiconductor Technology expected its quarterly net profit to land between 403 million yuan and 453 million yuan, up 579 per cent to 660 per cent from a year earlier.
The maker of laser chips for optical communications said data-centre demand was driving shipments and helping maintain high margins.
Some public firms offered a glimpse of their financial performance in the first nine months of the year, ahead of final third-quarter results announcements.

Although Taiwanese stocks rebounded along with Asian stocks, due to the huge overselling of foreign capital the day before, the New Taiwan dollar fell below 32.5 yuan in early trading. In the afternoon, the central bank adjusted the decline to converge, and finally closed at 32.338 yuan, a depreciation of 7.3 cents. The cumulative single-week depreciation was 4.63 cents, making it the weakest among major Asian currencies.
The 2026 Fourth Fujian International Marine Equipment Expo opened in Fuzhou on the 16th, attracting more than 800 companies from more than 20 countries and regions. The exhibition has a total area of 100,000 square meters, focusing on the entire marine equipment industry chain. The 2026 World Maritime Equipment Conference was also held at the same time.

Taiwan plans to raise US$4 billion to build an industrial park in Texas, USA, to assist suppliers of AI hardware manufacturers such as TSMC and Hon Hai to set up factories in the United States and establish a complete AI supply chain base.

After U.S. stocks were mixed on Thursday, Asian stocks reported good news across the board on the 16th. The Nikkei Index once soared 1,286.35 points and ended up closing 898.34 points higher; South Korean stocks surged 2%, showing strong gains.

The International Monetary Fund (IMF) released its latest report, predicting that Japan's nominal GDP will be overtaken by India and the United Kingdom in 2027, with its global ranking falling from fifth to sixth, mainly due to insufficient growth momentum and the weak yen.
On October 16, Hudong-Zhonghua, a subsidiary of China State Shipbuilding Corporation, and Malaysia International Shipping Company officially signed a construction contract for five large-scale liquefied natural gas (LNG) ships with a capacity of 174,000 cubic meters. So far, Hudong-Zhonghua has ordered a total of 57 LNG ships, ranking first in the world in terms of tank capacity.