Alchip Technologies reported record-breaking financial results for 2024, driven by strong demand for their advanced 7nm AI chips, particularly in North America. AI chip applications constituted a substantial portion of their revenue, highlighting the growing reliance on high-performance computing and AI-specific ASICs. The company saw significant increases across all key financial metrics, including revenue, operating income, net income, and earnings per share. Such developments underscore the increasing role advanced technology nodes, like those at 7nm and below, play in meeting the demands of high-performance computing and AI-driven markets.
In other market news, Rockchip Electronics was trading firmly up 5.1% and finishing the session at CN¥173.30. At the same time, Disco trailed, down 8.3% to close at ¥29,915, not far from its 52-week low.
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