
China's pure-play AI chipmakers achieved profitability in Q3 as domestic GPU developers race to fill the market void left by US export controls on Nvidia, though supply chain hurdles and high memory costs persist.
AI-generated summary
US export controls restrict high-end Nvidia processor sales to China, creating a market void for domestic firms.
China’s pure-play artificial intelligence chipmakers crossed an important milestone in the third quarter as several firms swung into profit, but severe supply chain hurdles and soaring memory costs cloud their long-term growth prospects.
Domestic graphics processing unit (GPU) developers including Moore Threads, MetaX and Iluvatar CoreX are racing to fill the market void left by Nvidia, whose high-end processors face strict US export controls.
These home-grown firms are competing fiercely to win over domestic enterprise clients and penetrate major cloud service providers (CSPs).

The 2026 Mobile Network Conference opened in Guangzhou on the 6th, at which the "China Mobile 6G Intelligent Application Co-Creation Action" was released. China Mobile announced the launch of five major measures and launched the "One Hundred Thousand" action plan to accelerate the cultivation of new 6G smart application formats and prepare for the 6G commercial period around 2030.
Gaozhai Village on the shores of Baihua Lake in Guiyang City, Guizhou Province has relied on a digital village pilot project to transform the former "hollow village" into a digital cultural industry ecological village. It has gathered more than 50 digital companies, attracting hundreds of young people to work in it and creating employment for villagers.
On November 5, the 2026 "Direct to Wuzhen" Global Internet Competition Awards Ceremony was held in Wuzhen, Zhejiang. This competition collected 1,347 projects from around the world and selected multiple awards including special prizes and first prizes to demonstrate the power of global innovation.

Anthropic, an American AI company, submitted an application for listing, in which 94 pages were devoted to detailing the risks of AI, covering the security risks of autonomously executing tasks, the cost of insurance being unable to cover them, and clearly pointing out the vulnerability of the supply chain of the world's advanced chips that are highly dependent on Taiwan's TSMC.

China's upcoming Long March 9 super-heavy rocket, standing 110 metres tall, received official approval and is scheduled for its maiden flight in 2030 to support lunar, Mars, and space solar missions.
The Liaoning Province 2026 Data Element Innovation Application Conference was held in Dalian on the 5th. At the meeting, the Liaoning Provincial Data Element Innovation Application Laboratory was launched, a list of 100 application scenario capabilities and opportunities was released, and 36 supply and demand strategic cooperation agreements were signed, aiming to promote data elements to empower the real economy.