Chinese semiconductor thread II

[gaussgun]

https://www.reddit.com/r/hardware/comments/1rfw6oj/_/o7nuyut
In a follow up stream, also now deleted, Geekerwan apparently said that
不是厂商的事
不可抗力
以后我们就换换方向吧
那么今年这些评测就是最后一年
It's not the manufacturers
It's force majeure
In the future we'll change direction
This year will be the last year performing these benchmarks

What's the point of metrics if you just want them to say what you've already scripted? I'm sure those of you with some knowledge of history remember the old days.

 

[tokenanalyst]

Moore Threads' revenue is projected to increase by 243.37% year-on-year in 2025, with the S5000's full-stack adaptation to the state-of-the-art (SOTA) platform accelerating the release of its commercial potential.​

Moore Threads Intelligent Technology announced its preliminary 2025 financial results on February 27, revealing significant growth momentum. The company's revenue reached RMB 1.505 billion in 2025, representing a 243.37% year-on-year increase compared to 2024. Although net profit attributable to shareholders remained negative at -RMB 1.024 billion, losses were reduced by 36.70% compared to the previous period. Basic earnings per share and weighted average return on net assets both improved, demonstrating a steady positive development trend as the company transitions from intensive R&D investment toward scaled profitability.

The driving force behind this performance is the flagship MTT S5000 intelligent computing card, built on the fourth-generation MUSA "Pinghu" architecture. This GPU delivers up to 1000 TFLOPS of AI dense computing power with 80GB of video memory and supports full-precision computing from FP8 to FP64. Large-scale clusters utilizing this chip are already online and can efficiently train trillion-parameter models, achieving computational efficiency comparable to leading international GPU clusters of the same generation. Its commercial potential is accelerating thanks to full-stack adaptation to state-of-the-art platforms, with mass production ramping up significantly.

Looking ahead, Moore Threads emphasizes its ecosystem compatibility and domestic substitution opportunities. The MTT S5000 achieves seamless integration with mainstream AI frameworks such as PyTorch, vLLM, and SGLang, while supporting major Chinese large models including GLM-5, Kimi K2.5, and Qwen3.5. With over RMB 4.3 billion invested in R&D since 2022, the company continues to deepen MUSA architecture iteration and accelerate commercialization alongside upstream and downstream partners in the domestic computing power industry chain.​

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[tokenanalyst]

ACM Shanghai: Has secured orders for advanced packaging equipment from several leading global semiconductor and technology companies.​

According to ACM Research Shanghai, the company has secured advanced packaging equipment orders from several leading global semiconductor and technology companies. These orders include: multiple wafer-level advanced packaging electroplating and wet processing equipment from a leading global OSAT (Outsourced Semiconductor Assembly and Test) company in Singapore, scheduled for delivery in the first quarter of 2026; a panel-level advanced packaging negative pressure cleaning system from a leading global semiconductor packaging manufacturer outside mainland China, also scheduled for delivery in the first quarter of 2026; and multiple wafer-level advanced packaging wet processing equipment from a leading North American technology company, scheduled for delivery later this year.

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[sunnymaxi]

Moore Threads' revenue is projected to increase by 243.37% year-on-year in 2025, with the S5000's full-stack adaptation to the state-of-the-art (SOTA) platform accelerating the release of its commercial potential.​

Moore Threads Intelligent Technology announced its preliminary 2025 financial results on February 27, revealing significant growth momentum. The company's revenue reached RMB 1.505 billion in 2025, representing a 243.37% year-on-year increase compared to 2024. Although net profit attributable to shareholders remained negative at -RMB 1.024 billion, losses were reduced by 36.70% compared to the previous period. Basic earnings per share and weighted average return on net assets both improved, demonstrating a steady positive development trend as the company transitions from intensive R&D investment toward scaled profitability.

The driving force behind this performance is the flagship MTT S5000 intelligent computing card, built on the fourth-generation MUSA "Pinghu" architecture. This GPU delivers up to 1000 TFLOPS of AI dense computing power with 80GB of video memory and supports full-precision computing from FP8 to FP64. Large-scale clusters utilizing this chip are already online and can efficiently train trillion-parameter models, achieving computational efficiency comparable to leading international GPU clusters of the same generation. Its commercial potential is accelerating thanks to full-stack adaptation to state-of-the-art platforms, with mass production ramping up significantly.

Looking ahead, Moore Threads emphasizes its ecosystem compatibility and domestic substitution opportunities. The MTT S5000 achieves seamless integration with mainstream AI frameworks such as PyTorch, vLLM, and SGLang, while supporting major Chinese large models including GLM-5, Kimi K2.5, and Qwen3.5. With over RMB 4.3 billion invested in R&D since 2022, the company continues to deepen MUSA architecture iteration and accelerate commercialization alongside upstream and downstream partners in the domestic computing power industry chain.​

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Cambricon too reported a net profit of 2.06 billion Yuan (US$301 million) for 2025, its first full-year profit since listing in 2020, according to a filing to the Shanghai Stock Exchange.

Revenue for the year rose 450 percent to 6.5 billion Yuan from a year earlier.

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[tokenanalyst]

Topjing Technology's revenue surged 58.87% in 2025, and its net profit excluding non-recurring items more than doubled.​

On February 27, Topjing Technology (688072.SH) released its preliminary 2025 financial results, showing robust growth across all major metrics. The company achieved total operating revenue of approximately RMB 6.519 billion, representing a 58.87% year-on-year increase. Net profit attributable to shareholders reached RMB 929 million, up 35.05% compared to the previous period, while net profit after deducting non-recurring gains and losses surged to RMB 726 million—a remarkable 103.79% increase indicating significant improvement in core business profitability.

The company's asset base strengthened substantially throughout 2025, with total assets growing to approximately RMB 19.825 billion by the end of the reporting period, a 29.45% increase from the beginning of the period. Equity attributable to the parent company also expanded by 25.23%, reaching RMB 6.612 billion. These improvements reflect a sound and positive financial condition, positioning Topjing Technology to continue capturing market opportunities in the rapidly evolving semiconductor sector.

Topjing Technology capitalized on surging demand from emerging technology sectors including artificial intelligence, high-performance computing, automotive electronics, robotics, and wearable devices. Through a dual-engine approach of intensive R&D investment and independent innovation, the company developed a comprehensive product matrix of thin film deposition equipment and 3D integration equipment. Key breakthroughs were achieved in PECVD, ALD, SACVD, HDPCVD, and Flowable CVD technologies, significantly enhancing competitiveness in advanced process manufacturing.



Several advanced process equipment lines successfully passed customer verification and entered mass production in 2025, including the PECVD Stack (ONO stack), ACHM, and PECVD Bianca based on new PF-300T Plus and PF-300M platforms with pX and Supra-D reaction chambers. The company also expanded its hybrid bonding equipment customer base while securing multiple ALD process equipment verifications for advanced memory applications. With continuous technical capability expansion and accelerated industrialization, Topjing Technology is well-positioned for sustained growth in domestic semiconductor substitution trends.

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[tokenanalyst]

Cambricon too reported a net profit of 2.06 billion Yuan (US$301 million) for 2025, its first full-year profit since listing in 2020, according to a filing to the Shanghai Stock Exchange.

Revenue for the year rose 450 percent to 6.5 billion Yuan from a year earlier.

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Big sales in China Generative AI market.

 

[tokenanalyst]

Huahai Qingke ranks among the top 30 equipment manufacturers globally​

According to a recent report by Nikkei Asia, citing data from the Japanese research firm Global Net, Chinese companies will historically occupy five spots in the 2025 ranking of the world's top 30 chip equipment manufacturers: Naura Technology Group jumped from eighth to fifth globally in 2022; AMEC and Shanghai Microelectronics successfully entered the top 20; and ACM Research and Huahai Technology entered the top 30. Data from the Japanese research firm Techno Systems Research shows that China's domestic manufacturing rate for semiconductor equipment has reached 20%-30%, more than doubling from 10% three years ago.

Huahai Qingke is a high-end semiconductor equipment manufacturer with core independent intellectual property rights. The company's main products include CMP equipment, thinning equipment, dicing equipment, wet processing equipment, ion implantation equipment, edge polishing equipment, wafer regeneration, key consumables, and maintenance services, creating a platform-based strategic layout of "equipment + services." The company's main products and services are widely used in manufacturing processes such as integrated circuits, advanced packaging, large silicon wafers, third-generation semiconductors, MEMS, and Micro LED. In 2024, the company achieved a 35.82% year-on-year increase in operating revenue to RMB 3.406 billion, a 41.40% year-on-year increase in net profit attributable to the parent company to RMB 1.023 billion, and a 40.79% year-on-year increase in net profit attributable to the parent company excluding non-recurring items to RMB 856 million.

The global CMP equipment market was once highly monopolized, with Applied Materials (USA) and Ebara (Japan) dominating the majority of the market share. Huahai Qingke, a domestic 12-inch CMP equipment manufacturer with independent intellectual property rights, has steadily increased its market share in the domestic CMP equipment field thanks to its technological and product strength. It has essentially covered all 12-inch advanced integrated circuit production lines in China, placing it in a leading position domestically.

Furthermore, Huahai Qingke's CMP equipment can synergize with the company's thinning equipment, dicing equipment, and edge polishing equipment, providing complete cutting, grinding, and polishing solutions for advanced packaging and chip stacking. The application scenarios for these products will continue to expand, further opening up market growth potential. Simultaneously, as the company's CMP equipment inventory continues to rise, the synergistic effects of its "equipment + service" platform strategy will be significantly released, and the volume of key consumables and maintenance services will also increase rapidly, contributing a sustained and stable profit growth point for the company.

In December 2025, Huahai Qingke issued an announcement stating that its chemical mechanical polishing (CMP) equipment had been shipped to a cumulative total of over 800 units, covering multiple main models and the latest models of the company, including Universal-H300 and Universal-S300. It not only fully covers mainstream product lines such as logic, 3D NAND memory, and DRAM memory, but has also successfully entered the supply chains of leading customers in the fields of large silicon wafers, third-generation semiconductors, CIS, MEMS, MicroLED, and advanced packaging, achieving full coverage and mass application of mainstream integrated circuit manufacturing production lines in China.

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[tphuang]

https://twitter.com/i/web/status/2027499208983355900

so looks like semiconductor pricing is going up across the board for legacy chips. The AI trade has really pulled away the supply.

 

[GulfLander]

Geekerwan came out with a recent video alleging that Xiaomi, Vivo and IQOO have been sending out "Golden" chips for media reviews, which has been leading to differences between reviewer benchmarks and actual performance.

1. Sending specially selected review units which contain "Golden" chips to reviewers. These chips are able to achieve higher gaming performance (6-8%) and lower power usage than the average retail unit, usually a watt lower (20%).
2. Certain review models from Xiaomi force VRS (Variable Rate Shading) on out-of-box to boost gaming benchmarks with no option to turn it off.
3. iPhones are one of the few models with no observable cheating. iPhone retail units in fact performed better than review units in gaming due to operating system updates.

Videos were uploaded to both Bilibili and Youtube, but the Bilibili version was then taken down for unknown reasons.
In response, Geekerwan made the video open-source and uploaded to Quark. However, the Bilibili post with the Quark version, the Quark links, and backups of the video by other users have all been deleted
Now Geekerwan's YT video has also been set to private.

This seems to be more than just one or 2 manufacturers applying pressure

Luckily, we still have backups from other users on YouTube

Backup video:

Bilibili users are currently pissed as hell and rightfully so.

whats his source of info?

 

[ForcedTrend]

whats his source of info?

this is not new, it was found on some of these phone that the software is setup to give the best performance possible when launching a benchmark even in demanding games and heavy usage that power wasn't achievable