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Biren, Iluvatar Triple Revenue Amid Losses

Biren, Iluvatar Triple Revenue Amid Losses

Biren Technology and Iluvatar CoreX, Chinese GPU makers challenging Nvidia, reported triple-digit revenue growth in 2025 due to China's chip self-sufficiency drive. Biren's revenue jumped 207.2% year-over-year to 1.03 billion yuan (US$149 million), surpassing estimates. Losses persist for both in the intense AI chip competition.

SCMP TechnologyMediaMar 30#ai-chips#china-gpu#revenue-growth