Chinese AI chipmaker Moore Threads reports Q3 revenue up 1,774% YoY to $240 M, net profit $7.4 M; to build 100K‑GPU domestic cluster with JD.com
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| Source: Techmeme | Original article
Chinese AI‑chip maker Moore Threads Technology Co. announced a dramatic surge in its third‑quarter results, with revenue climbing 1,774 % year‑on‑year to roughly $240 million and a net profit of about $7.4 million. The company also revealed a partnership with e‑commerce giant JD.com to assemble a domestic GPU cluster comprising 100,000 units.
The earnings jump signals a rapid rebound for a segment that has struggled under tightening U.S. export controls and a broader market slump – the Star 50 AI‑chip index, for example, has shed roughly 40 % of its value in the past four months. Moore Threads’ growth suggests Chinese firms are beginning to rebuild capacity and capture demand for generative‑AI workloads that have been starved of foreign‑made silicon.
The JD.com collaboration is notable because it points to a push for home‑grown compute infrastructure. By pooling resources with a major retailer, Moore Threads can tap JD’s logistics and data‑center footprint, accelerating the rollout of a large‑scale GPU farm that could support domestic AI services and reduce reliance on imported hardware.
Investors and analysts will now watch whether Moore Threads can sustain its momentum as it scales production, secure further supply‑chain partners, and navigate China’s regulatory climate for AI technologies. The size and performance of the 100K‑GPU cluster, as well as any follow‑on funding rounds, will be key indicators of how quickly China can close the gap with global chip leaders.
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