China AI chip designer VeriSilicon books US$1.1bn orders, revenue doubles

China-based chip design service provider VeriSilicon Microelectronics (Shanghai) Co. is seeing a sharp acceleration in AI-driven demand, with record orders and surging revenue in the first quarter of 2026 — even as heavy R&D spending continues to weigh on profitability.
2026-05-03 20:14:00