4 stories found
Schneider Electric, KLA Corp, and Cambricon have reported or forecasted strong revenues, significantly exceeding estimates in some cases. This financial growth is primarily driven by the surging global demand for AI-related technologies, including data centers and AI chips.
Chinese chipmaker Cambricon has reported its first annual profit, capitalizing on the booming artificial intelligence sector in China.
Chinese chip designers Cambricon Technologies and MetaX Integrated Circuits experienced substantial revenue growth in the first quarter, driven by the AI boom, US export control risks, and China's push for self-sufficiency.
Cambricon Technologies, a Chinese semiconductor designer seen as a potential alternative to US giant Nvidia, will pay its maiden dividend after posting its first full-year profit since listing in 2020. Cambricon, dubbed “little Nvidia”, planned to distribute a cash dividend of 15 yuan (US$2.2) for every 10 shares held, totalling more than 632 million yuan, according to its filing to the Shanghai Stock Exchange on Thursday. Another 20 million yuan would be allocated for share buy-backs, taking...