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Dosilicon Projects H1 Turnaround on Higher Chip Demand; Shares Surge 20%

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Dosilicon (SHA:688110) projected first-half attributable net profit of between 640 million yuan and 680 million yuan, compared with loss of 111.0 million yuan the previous year.

Operating revenue is expected to jump to between 1.49 billion yuan and 1.53 billion from 343.0 million yuan, according to a Tuesday filing with the Shanghai bourse

The turnaround was driven by artificial intelligence-driven demand for niche-market storage chips.

Shares of the memory chip producer jumped 20% in recent trade.

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