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genai/news//South China Morning Post
Hygon attributed the hefty sales growth to the “continued rise in demand for domestically produced high-end chips’ Sugon, which makes high-performance computing systems and is the largest shareholder of Hygon, posted a 13.
Hygon's market share in high-end processors has expanded through cooperation with OEMs and key industries.
KEY POINTS
Hygon projects Q1 sales growth between 62.9% and 75.8%, driven by AI industry demand.
Hygon attributes its growth to rising demand for domestically produced high-end chips.
Sugon's annual revenue rose 13.9% to 14.97 billion yuan, with net profit up 10.5% to 2.11 billion yuan.
Hygon attributed the hefty sales growth to the “continued rise in demand for domestically produced high-end chips”. The company said its market share in high-end processors expanded amid cooperation with original equipment manufacturers and other partners in key industries and fields.
The firm expected even faster growth – between 62.9 per cent and 75.8 per cent – this first quarter, driven by increased investment in research and development due to “demand from the AI industry”.
Sugon, which makes high-performance computing systems and is the largest shareholder of Hygon, posted a 13.9 per cent year-on-year increase in revenue to 14.97 billion yuan last year. Its net profit rose 10.5 per cent to 2.11 billion yuan.