Key Takeaways:
Biren Technology expects first-half 2026 revenue of RMB 1.15 billion to RMB 1.30 billion, up 1,852% to 2,107% from a year earlier.
The guidance, disclosed in a filing to the Hong Kong Stock Exchange, points to accelerating demand for domestic AI accelerators as US export controls restrict Chinese access to advanced chips from Nvidia and other foreign suppliers.
The company expects a net loss of RMB 320 million to RMB 400 million for the six months ended June 30, narrowing 75% to 80% from a year earlier. Adjusted loss is forecast at RMB 290 million to RMB 360 million, down 35% to 47%.
The revenue surge makes Biren one of the fastest-growing Chinese AI chip makers, competing with Huawei's Ascend processors and Cambricon Technologies. Investors will watch the full interim results for segment margins and order backlog as the company scales production.
The sharp narrowing of losses points to improving operating leverage as the Shanghai-based company ramps output. Biren, founded in 2019 and listed in Hong Kong after US sanctions cut off Chinese access to advanced foreign chips, is among a cohort of domestic suppliers benefiting as cloud providers and data centers shift procurement to local silicon.
The growth rate, if realized, would mark one of the steepest revenue expansions among Chinese chip designers. Biren's trajectory mirrors a broader domestic substitution push that has accelerated since Washington tightened export controls on advanced semiconductors and chip-making equipment to China. The restrictions have limited Chinese access to Nvidia's most advanced accelerators, pushing buyers toward homegrown alternatives from Biren, Huawei and Cambricon.
The loss reduction also signals a path toward profitability, a milestone few Chinese AI chip startups have reached given the heavy research and development costs of designing accelerators. Biren's adjusted loss of RMB 290 million to RMB 360 million, while still substantial, represents a marked improvement from a year earlier as revenue growth outpaces spending.
The guidance reinforces the bull case for Chinese semiconductor names, which stand to gain as export controls redirect spending toward domestic suppliers such as Huawei, Cambricon and SMIC. Biren's full interim results, expected in the coming weeks, will show whether the growth is sustainable and whether margins can hold as competition in the domestic AI chip market intensifies.
This article is for informational purposes only and does not constitute investment advice.
