Chart of the Day: China’s AI Chipmakers Are Turning Self-Reliance Into Sales

China’s push to build a self-reliant AI hardware ecosystem is turning into hard results for corporate bottom lines.

First-half earnings reports from the country’s three leading graphics processing unit (GPU) developers reveal a sector increasingly transitioning from a state-subsidized promise to a business success.

Driven by rapid enterprise AI deployment and U.S. export controls on advanced chips, the trio each posted encouraging results that put them on a course toward sustained profitability.

Cambricon Technologies Corp. Ltd. was a standout in the first half of this year, when it reported profit growth that outpaced revenue growth for the first time — a critical milestone proving its ability to offset heavy R&D overhead with high sales.