moore threads

Steady3 stories2 sourcesLast updated: 5/6/2026

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5/6/2026

China’s chipmakers pour revenue into R&D, outpacing US ratios

China’s chip champions channelled a larger proportion of revenue into research and development (R&D) than their US peers, first-quarter earnings show, as Beijing presses ahead with its tech self-reliance drive amid an artificial intelligence boom. Beijing-based Moore Threads spent half of its revenue on R&D in the quarter ended March 2026, while Shanghai-based MetaX spent 45 per cent over the same period, according to exchange filings. By contrast, US chipmakers such as AMD and Intel have...

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Moore Threads Posts Q1 Profit as China GPU Demand Surges

NEWS

4/27/2026AI summary

Moore Threads Posts Q1 Profit as China GPU Demand Surges

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.

SCMP Tech

Chinese GPU Maker Moore Threads Posts Q1 Profit on Surging Domestic Demand

NEWS

4/27/2026AI summary

Chinese GPU Maker Moore Threads Posts Q1 Profit on Surging Domestic Demand

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.

SCMP Tech