Chinese Nvidia alternatives project massive sales as AI chip demand surges

Chinese chip designers Moore Threads Technology and Hygon Information Technology – both positioning themselves as home-grown alternatives to Nvidia – have projected double- to triple-digit Revenue Growth for the first half of the year, fuelled by surging domestic demand for AI computing power.Beijing-based Moore Threads, a graphics processing unit (GPU) developer, stated in a stock exchange filing on Thursday that it expected revenue for the period to jump 135.1 per cent to 149.4 per cent year on year, reaching between 1.65 billion yuan (US$243.5 million) and 1.75 billion yuan.Similarly, Hygon Information Technology, which designs central processing units (CPUs) and deep computing units – a type of Accelerator Card designed specifically for AI – projected first-half Revenue Growth of 55.6 per cent to 70.2 per cent, reaching between 8.5 billion yuan and 9.3 billion yuan.