Biren Technology reported first-half revenue of $183.9M, a rise of roughly 1,998 percent from the $8.665M it booked a year earlier, as Chinese buyers leaned harder on domestic accelerators.
Gross profit reached $78.552M and gross margin widened to 42.7 percent, though the Shanghai-based company still posted a net loss of $56.2M while funding new chips, optically linked rack systems and software. Full-year 2025 sales had reached $154.17M, with the pickup concentrated in the second half.
The growth rests on a very small base. Its slice of the domestic AI accelerator market remains under 3 percent. On paper, though, the company’s parts have long been talked up as rivals to AMD and Nvidia designs. Its line spans the BR106, BR110 and BR166, with the BR20X, BR30X and BR31X in development, supported by a homegrown software stack aimed at CUDA workloads.
The backdrop is Nvidia’s shrinking access. The US chipmaker supplied about 2.2 million accelerators into China in the first half of 2025, before export controls tightened in May, and it charged $12,000 to $15,000 for the cut-down H20.
The real constraint now sits at the foundry. Wafer supply is the gating factor. Taking share from larger domestic vendors such as Cambricon, Huawei and Kunlunxin will require locking in enough capacity from SMIC or elsewhere. It also faces a domestic market where analysts expect homegrown designs to take an overwhelming share within a few years.
