AI chipmaker Biren projects up to 22-fold revenue surge amid China’s hi-tech boom

Chinese AI chipmaker Biren Technology projects first-half 2026 revenue of 1.15 billion yuan to 1.3 billion yuan, up 1,852% to 2,107% year-on-year, citing accelerating commercialisation and strong demand for general-purpose GPUs. The Shanghai-based GPU maker, which listed on the Hong Kong stock exchange in January, also expects its net loss to narrow to between 320 million yuan and 400 million yuan from 1.6 billion yuan a year earlier, joining peers Hygon Information Technology and Cambricon Technologies in benefiting from China's push for technological self-sufficiency.

AI chipmaker Biren projects up to 22-fold revenue surge amid China’s hi-tech boom Massive financial gains across domestic chipmakers underscore how the push for self-sufficiency is reshaping demand for home-grown hardware Ann Cao /author/ann-cao in Shanghai Chinese artificial intelligence chipmaker Biren Technology projects that its first-half revenue could shoot up by up to 2,107 per cent amid the AI hardware boom, joining industry peers like Hygon Information Technology and Cambricon Technologies in reporting accelerating demand for home-grown chips. The Shanghai-based graphics processing unit GPU maker, which debuted on the Hong Kong stock exchange in January, estimated revenue for the first six months of 2026 to reach between 1.15 billion yuan US$170.5 million and 1.3 billion yuan, with staggering year-on-year growth of 1,852 per cent to 2,107 per cent, according to its stock exchange filing on Monday. Biren also projected that its net loss would narrow to between 320 million yuan and 400 million yuan, compared with a loss of 1.6 billion yuan during the same period in 2025. The firm attributed the revenue surge to accelerating commercialisation and strong market demand for general-purpose GPUs, which are processors used in AI applications that handle complex tasks, including coding and agent software. The company noted that the massive year-on-year revenue increase was amplified by the relatively low financial baseline in the first half of 2025, coupled with the concentration of high-end product deliveries in the second half of that year. technological self-sufficiency https://www.scmp.com/business/banking-finance/article/3340312/chinas-tech-self-sufficiency-powers-stock-boom-and-helps-it-shake-economic-malaise?module=inline&pgtype=article , chip designers are capitalising on booming demand amid a rapid infrastructure buildout.