Chinese AI Chipmaker Biren Sees Revenue Soar Up to 2,107% on Domestic Demand

The Shanghai-based company, which makes graphics processing units (GPUs), expects revenue for the first six months of 2026 to reach at least 1.15 billion yuan [221169]. The dramatic increase reflects a broader boom in China’s push for technological self-reliance, with Biren joining peers such as Hygon Information Technology and Cambricon Technologies in reporting accelerating sales [221169].

Biren, which listed on the Hong Kong stock exchange in January, is benefiting from a national drive to reduce dependence on foreign semiconductors [221169]. GPUs are essential for training and running AI models, making them a key focus of this push [221169].

The company’s projection underscores the rapid growth of China’s domestic AI supply chain, even as global competition in the sector intensifies [221169]. Beijing’s strong policy support has fueled a record rally in Chinese technology stocks, with the Star 50 index—which tracks the country’s most innovative tech firms—jumping 29% this year alone [218965].

Unlike the US market, where AI gains are concentrated in a few mega-caps, the Chinese rally is broad-based, lifting smaller and mid-sized firms as well [218965]. Analysts note that government subsidies and favorable regulations have created a fertile ground for AI startups, while US restrictions on advanced chip exports have actually spurred domestic innovation and self-reliance [218965].

China’s ability to build its own technological foundation, despite strict US export bans, may decide the outcome of the AI race between the two superpowers, according to Zheng Yongnian, dean of the school of public policy at the Chinese University of Hong Kong (Shenzhen) [221153]. Zheng says Washington’s restrictions have forced Beijing to accelerate its own research and development, pushing it toward a unique “technological path” independent of the US [221153].

The revenue estimate, however, remains subject to final audit and market conditions [221169].