Chinese AI chip supplier, listed on the Shanghai stock exchange. Along with Huawei and Cambricon, it is part of a growing group of domestic chip suppliers that Bernstein, a broker, estimates will capture 60% of China's $26bn-worth of spending on AI chips in 2025—a sharp reversal from a few years ago, when American firms, chiefly Nvidia, accounted for over 80% of sales.
There is hopeful symbolism in the fact that flags do not wave in a vacuum.