CXMT, SMIC power 620% surge in profits in China’s chip industry

Bonanza spills over to chip tool makers Naura and AMEC during first half China's AMEC, which saw net profit quadruple in the first half, exhibited at a chipmaking equipment trade show in August. (Photo by Tomoko Wakasugi) SHANGHAI — Earnings at Chinese chipmakers have grown more than 600% during the first half, buoyed by the artificial intelligence boom and a national campaign for self-sufficiency.

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