China chip firms see up to 6x profit surge on AI, self-sufficiency drive

Chinese semiconductor firms, including Yuanjie Semiconductor, report Q3 net profits up 579-660% year-on-year, driven by domestic AI infrastructure demand and the national self-reliance push. The surge reflects accelerating localization of the chip supply chain amid US export controls, though unaudited figures and a narrow sample limit certainty. This signals sustained growth in China's domestic chip ecosystem and reduced reliance on foreign technology.