The brief

Analyst view

• 2025 revenue RMB 14.4B (+57%), net profit RMB 2.5B; H1 2026 revenue RMB 9.1B (+67%).
• On the US Entity List since June 2019, which ended AMD's further technical support.
• A planned merger with Sugon, its largest shareholder, was called off in Dec 2025.

Technical approach

As reported

CPUs

x86 chips from an AMD licence

Its server CPUs grew from AMD's Zen design licensed in 2016, so standard x86 software runs on them; the C86-5G now has 128 cores.

Accelerators

GPU-style DCUs for AI and science

DCUs are general-purpose parallel processors with high-bandwidth memory, handling AI and double-precision scientific work.

Software

Familiar programming model

Its DTK software stack follows AMD's ROCm, close to Nvidia's CUDA, so PyTorch and other code ports with little change.

Systems

Own interconnect chips

Hygon designs PCIe and scale-up switches so many CPUs and DCUs can be linked into large clusters, an NVLink-style alternative.

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