Chinese Nvidia alternatives project triple-digit revenue growth

Chinese GPU designers Moore Threads and Hygon projected double- to triple-digit first-half revenue growth on surging domestic demand for AI computing power, with Moore Threads expecting revenue to jump 135% to 149% YoY. These startups position themselves as homegrown alternatives to Nvidia. As Beijing pushes for domestic AI chip capacity under US export controls, both firms are ramping manufacturing to fill the gap.

View full digest for July 17, 2026