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China focuses on large language models in artificial intelligence.
Blackdovfx | Istock | Gets the image
The Chinese semiconductor firm Cambricon outlined a record earnings in the first half of the year, emphasizing as local applicants to Nvidia They acquire the craving what Beijing looks like to increase its internal industry.
Cambricon is among the set of companies in China struggling to be an alternative to the American giant Nvidia when it comes to providing the chips needed to train and launch applications and artificial intelligence models.
In the first half of the year, Cambricon said the proceeds had grown more than 4000% up to 2.88 billion Juan ($ 402.7 million), and the net profit reached a record of 1.04 billion yuan. The numbers remain small compared to Nvidia which reported earnings of $ 44 billion In February to April. The technical giant must report it Fiscal profit in the second quarter Later today.
However, the Cambrick splash in the revenue emphasizes how technology companies in China are looking for potential alternatives to NVIDIA, given the constant threat to be cut off from US technology.
Nvidia was blocked earlier this year From the sale of its behind H20 chip to China. Since then allowed to restore exports to China but must share 15% of its profit From sales to country with the US government.
Meanwhile in China there is Reportedly prevented Local firms buy H20 Nvidia chips.
Chinese technological giants used local chips As well as Nvidia equipment they were able to get their hands, which helps companies like Cambricon.
This year, Cambricon shares doubled, and it added to the north of $ 40 billion to market capitalization, according to S&P Capital IQ. The total value of the company is about $ 80 billion.
The Nvidia force was not only in its equipment but also in its software that developers used to use. Cambricon said on Wednesday that it also improves the software offer and is working on the next generation equipment.
However, Nvidia Chinese rivals face many obstacles when it comes to winning the competition. Their technology remains a significant lag from Nvidia at a time China shut off from the most advanced chips makingblocking achievements in Chinese home efforts.
