South China Morning Post
International · 5 hrs ago
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China’s chipmakers pour revenue into R&D, outpacing US ratios
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Chinese chipmakers are allocating a higher percentage of their revenue to research and development than their US counterparts, with companies like Moore Threads and MetaX investing 45–50% of revenue into R&D as China pursues technological self-sufficiency.
China’s chipmakers pour revenue into R&D, outpacing US ratios
China’s chip champions channelled a larger proportion of revenue into research and development (R&D) 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 R&D 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...
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