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AI CURATED HOT STORY · 10/26/2026

Shannon Chip Q3 Net Profit Jumps 743% on AI Storage Demand

1 reports archived1 independent sourcesupdated 10/26/2026, 19:36:34
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Shannon Chip reported a 743.02% year-over-year surge in Q3 net profit to 1.699 billion RMB, driven by rising demand and prices for storage chips fueled by AI servers. As a key distributor for SK Hynix and MediaTek, the company's cumulative nine-month profit has already reached 60% of full-year forecasts, with operating cash flow turning significantly positive.

LATEST/Shannon Chip reported a 743.02% year-over-year surge in Q3 net profit to 1.699 billion RMB, driven by rising demand and prices for storage chips fueled by AI servers. As a key distributor for SK Hynix and MediaTek, the company's cumulative nine-month profit has already reached 60% of full-year forecasts, with operating cash flow turning significantly positive.

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