VeriSilicon, a Shanghai-based chip designer, reported that its Q3 revenue rose to 1.3 billion yuan (US$179.7 million), up nearly 120% from the previous quarter and 79% year-on-year.

The company said orders related to AI computing made up 65% of new orders in Q3, with new order volume up 146% year-on-year to nearly 1.6 billion yuan (US$220 million).

VeriSilicon offers custom chip design and semiconductor IP licensing services.

The company said it expects its quarterly losses to “significantly narrow.”

🔗 Source: South China Morning Post