China's Top AI and CPU Makers Struggle Despite Billions in Subsidies
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China's top AI accelerator (Cambricon) and CPU (Loongson) makers face steep losses despite billions in government subsidies
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Cambricon projecting $129M in losses for 2023, though improved from 2022
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Loongson revenue down 31% year-over-year, projecting $43M in losses compared to $52M profit last year
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Companies struggle due to narrow product lineups, inability to address mass market
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US sanctions severely limit access to advanced technologies, customers for both companies