China’s top AI accelerator and CPU makers are bleeding tens of millions — Longsoon and Cambricon losses continue despite billions in government subsidies
Chip designers in China, particularly Loongson and Cambricon Technologies, are facing significant financial challenges in 2023. Loongson, a leading CPU developer, is projected to experience a 31% year-over-year decrease in revenue and an expected loss of ¥310 million, attributed to a sluggish market for industrial chips and high research and development expenses. Similarly, Cambricon Technologies, […]
