China’s chipmakers are aggressively pursuing a plan to triple their AI chip production by 2026, aiming to lessen reliance on Nvidia. Huawei intends to initiate AI chip production by the end of the year and establish two more facilities by 2026. SMIC also plans to double its 7-nanometer chip manufacturing capacity next year, with Huawei as its primary client.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO
July 27, 2026