Nvidia’s China-based rival posts 4,300% revenue jump as chipmaker’s earnings reported no H20 chip sales to the country

Jensen Huang, co-founder and chief executive officer of Nvidia Corp, receives a media group interview before attending the welcome dinner of the third China International Supply Chain Expo (CISCE) on July 15, 2025 in Beijing, China. (Credit: Wan Quan—VCG/Getty Images)

• Cambricon, a China-based semiconductor firm, just posted its greatest profit to date and a roughly 44-fold revenue surge. The company’s rapid growth comes as Nvidia recorded no chip sales to China during its second quarter, signaling a push by local players to innovate in the tech giant’s absence, experts tell Fortune. 

Cambricon, a China-based semiconductor firm, posted record profits in the first half of the year, along with revenue that surged roughly 4,300%.