Chinese GPU maker Cambricon's Q1 revenue hits $423 million as country's homegrown AI chip market accelerates — Chinese chipmakers continue to leech market share from Nvidia
Chinese GPU maker Cambricon reported $423 million in revenue for Q1 2026, reflecting a 160% year-over-year increase as domestic AI chip demand accelerates. The company, now profitable, is benefiting from reduced U.S. chip exports and strong orders from clients like ByteDance. Meanwhile, MetaX also saw significant revenue growth but remains unprofitable despite rising GPU shipments.
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Tech Industry Chinese GPU maker Cambricon's Q1 revenue hits $423 million as country's homegrown AI chip market accelerates — Chinese chipmakers continue to leech market share from Nvidia News By Luke James published 30 April 2026 MetaX also posted strong growth, but remains unprofitable four months after its IPO. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Cambricon) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Two of China's most prominent domestic GPU designers have disclosed Q1 2026 earnings, with Cambricon Technologies reporting $423 million in revenue and MetaX…
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