challenge between USA and China
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The first quarterly profit of Cambricon marks a turning point in the technological competition between USA and China for AI chips. The Chinese company has indeed strengthened its position in the AI market, fueling the country’s ambitions for technological self-sufficiency. Let’s see all the details in this article. China accelerates towards technological autonomy in the AI chip sector against the USA The competition between the United States and China for technological dominance is reaching new heights, especially in the sector of AI chips, one of the most strategic fields of global innovation. In this context, the Chinese Cambricon Technologies has achieved a historic result: its first quarterly profit. This milestone not only represents a step forward for the company, but also symbolizes China’s progress in pursuing technological autonomy in the face of restrictions imposed by the United States. Founded in 2016, Cambricon Technologies quickly became one of the leading companies in the design of chips for intelligenza artificiale in China. In the fourth quarter of 2024, the company recorded a net profit ranging between 240 million and 328 million yuan, after having incurred losses of 724 million yuan in the first nine months of the year. This result is not only remarkable in financial terms, but also demonstrates Cambricon’s ability to adapt and thrive in a bull and bear environment. The race for AI chips between the United States and China has been intensified by the technological export restrictions imposed by Washington. Such measures aim to limit China’s access to advanced processors, like those produced by Nvidia, a global leader in the sector. However, Cambricon has responded with its own innovations, including the Cambricon-1A processor, which has been successful in the domestic market, finding application in devices from companies like Huawei. Exponential growth in the mercato The success of Cambricon…
Filed under: News - @ January 17, 2025 5:22 pm