China’s AI chip drive: MetaX and Iluvatar swing to profit, as Biren narrows losses2-MIN READ2-MIN0ListenPublished: 2:30pm, 31 Aug 2026Updated: 2:40pm, 31 Aug 2026China’s home-grown Artificial Intelligence chipmakers are starting to cash in on Beijing’s self-reliance drive, but a fresh wave of first-half earnings reveals a stark divide between the industry’s rising profit stars and loss-making players.Shares of Chinese AI chipmakers traded mixed on Monday as investors digested the financial updates.MetaX Integrated Circuits saw its Shanghai-listed stock rise 1.4 per cent to 684.5 yuan by the midday break after reporting a swing to profitability late on Sunday. Cross-town rival Biren Technology surged 10.7 per cent to HK$43.44 in Hong Kong, while Iluvatar Corex dropped 6.7 per cent to HK$370.2 in Hong Kong.Select VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS123
ENT7
MON · 2026-08-31 · 06:30 GMTBRIEF NSR-2026-0831-107606
NSR-2026-0831-107606News Report·EN·Technology
China’s AI chip drive: MetaX and Iluvatar swing to profit, as Biren narrows losses
China's domestic AI chip industry is showing a split in financial performance, with some companies achieving profitability while others continue to incur losses. MetaX Integrated Circuits reported a swing to profit in the first half of the year, leading to a rise in its Shanghai-listed stock.
Ann CaoSouth China Morning PostFiled 2026-08-31 · 06:30 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
123words
Sources cited
0cited
Entities identified
7entities
Quality score
100%
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Briefing Summary
AI-generatedNEWSAR · AI
China's domestic AI chip industry is showing a split in financial performance, with some companies achieving profitability while others continue to incur losses. MetaX Integrated Circuits reported a swing to profit in the first half of the year, leading to a rise in its Shanghai-listed stock. Biren Technology also narrowed its losses, with its Hong Kong-listed shares surging. In contrast, Iluvatar Corex experienced a drop in its stock price. This divergence highlights the varying success of Chinese AI chipmakers in capitalizing on Beijing's push for technological self-reliance. Investors reacted with mixed trading of shares as these financial updates were released.
Confidence 0.85Claims 4Entities 7
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Article analysis
Model · rule-basedFraming
Technology
Economic Impact
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AI-assessed
CalmNeutralAlarmist
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0.80 / 1.00
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Key claims
4 extracted01
Iluvatar Corex dropped 6.7 per cent to HK$370.2 in Hong Kong.
statistic
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1.00
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Biren Technology surged 10.7 per cent to HK$43.44 in Hong Kong.
statistic
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1.00
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MetaX Integrated Circuits reported a swing to profitability.
factual
Confidence
1.00
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China's home-grown AI chipmakers are starting to cash in on Beijing's self-reliance drive.
factual
Confidence
0.90
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Full report
1 min read · 123 words§ 05
Entities
7 identifiedKey playerOppositionContextPositiveNeutralNegative
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Keywords & salience
9 termsai chipmakers
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china
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profitability
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self-reliance drive
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iluvatar corex
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biren technology
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metax integrated circuits
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earnings
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stock performance
0.40
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