Chinese GPU Maker Moore Threads Achieves First Profit as Q3 Sales Surge Over 1,700%

Moore Threads, the Chinese semiconductor company, reported quarterly revenue growth of 1,774% year-over-year in the three months ended September, reaching 1.6 billion yuan ($240 million), driven by accelerating domestic demand for artificial intelligence computing hardware. The Beijing-based chipmaker also posted its first quarterly profit of 49.26 million yuan—about $7.4 million—ahead of its previously stated 2027 profitability target by more than a year.