Chinese AI chipmakers diverge: MetaX swings to profit, Biren surges

MetaX Integrated Circuits reported a swing to profitability for H1, lifting its Shanghai-listed shares 1.4%, while Biren Technology jumped 10.7% in Hong Kong, underscoring a widening profitability gap among Chinese GPU makers. The divergence reflects varying success in navigating US export controls and domestic demand. This matters as it signals which Chinese AI chip firms are gaining commercial traction amid a strategic push for semiconductor self-sufficiency.