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China’s chipmakers pour revenue into R&D, outpacing US ratios
May 6, 2026
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China’s chip champions channelled a larger proportion of revenue into research and development (RD) than their US peers, first-quarter earnings show, as Beijing presses ahead with its tech self-reliance drive amid an artificial intelligence boom. Beijing-based Moore Threads spent half of its revenue on RD in the quarter ended March 2026, while Shanghai-based MetaX spent 45 per cent over the same period, according to exchange filings.
By contrast, US chipmakers such as AMD and Intel have...
South China Morning Post
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