Chinese semiconductor firms have reported record revenue last year driven by AI demand, a shortage of memory chips and U.S. export restrictions that have pushed Beijing to bolster its homegrown tech industry. Analysts and the companies themselves are also expecting further revenue surges this year, underscoring how Chinese chip players are capitalizing on strong demand from domestic tech giants looking to build their AI infrastructure. U.S. export restrictions on China’s tech sector over the last few years have added “rocket fuel” on chip demand, amplifying growth from other areas like electric vehicles and AI data centers, according to Paul Triolo, a partner at Albright Stonebridge Group.

Full report : Chinese chip companies from SMIC to Hua Hong have reported record high revenue for 2025 with analysts projecting further growth.