Neither figure is money banked yet — both are company forecasts, from two firms selling domestically built substitutes for Nvidia.
Moore Threads told the stock exchange last Thursday that revenue for the opening six months of the year should climb 135.1 to 149.4 per cent against the same period a year earlier, landing between 1.65 billion yuan (US$243.5 million) and 1.75 billion yuan. Hygon Information Technology has projected growth of 55.6 to 70.2 per cent, which would put its half-year revenue between 8.5 billion yuan and 9.3 billion yuan. Both increases are attributed to a steep climb in domestic appetite for AI computing power.
The two design their chips in China, and each sells its products as a domestically built substitute for what Nvidia offers. Moore Threads develops graphics processing units; Hygon's line-up runs to central processing units alongside deep computing units — accelerator cards purpose-made for AI work.
Both are competing to occupy the gap opened up by export restrictions from Washington.
Moore Threads' revenue jump is credited to solid appetite for its full-function GPUs and to how quickly its Kua'e AI computing clusters have moved into commercial use.
The company also says that its flagship GPU, the MTT S5000, is now in mass production, that it has achieved market-leading performance, and that its computing efficiency matches top international alternatives.
Together the numbers point to how hungry the domestic market has become for computing infrastructure while countries around the world compete to lead in artificial intelligence. And the claims about the MTT S5000's performance and efficiency are Moore Threads' own.