Chinese chip makers Moore Threads and Hygon see triple-digit AI sales growth

Moore Threads Technology and Hygon Information Technology, both positioning as Chinese substitutes for Nvidia, have announced explosive revenue projections for the first half of 2026. Moore Threads expects revenue between 1.65 billion yuan ($243.5M) and 1.75 billion yuan—a 135-149% year-on-year increase—driven by robust demand for its full-function GPUs and the rapid deployment of its Kua'e AI computing clusters. The Beijing-based GPU developer, which went public on Shanghai's Star Market in December 2025, claims its flagship MTT S5000 chip is now in mass production and delivers computing efficiency that rivals top international alternatives.

Hygon Information Technology, which designs CPUs and deep computing units (specialized AI accelerator cards), projects first-half revenue growth of 55.6% to 70.2%, bringing in 8.5 billion to 9.3 billion yuan. These figures underscore the insatiable domestic appetite for AI computing infrastructure as China accelerates efforts to build an independent semiconductor ecosystem. The surge comes directly as Washington tightens export controls on advanced Nvidia chips to China, creating a vacuum that local innovators are rapidly filling. Both companies are now key players in China's strategy to achieve self-sufficiency in AI hardware.