US chipmakers in China see revenue rise, defying trade tensions: Hurun list

AdvertisementUS-China tech warBusinessChina BusinessUS chipmakers in China see revenue rise, defying trade tensions: Hurun list

American semiconductor firms saw a significant boost in sales from the mainland, as a top list shows which are leading the gains amid high-end silicon demand

2-MIN READ2-MIN Listen

Themis QiPublished: 11:03pm, 25 May 2026

Twenty-six US semiconductor firms, from Qualcomm to Nvidia, saw their China revenue climb by an average of 20 per cent last year, despite trade tensions, according to a new analysis.

The data, featured in the latest “Hurun Top 100 US Enterprises in China 2026” report released by the Hurun Research Institute on Monday, tracks the performance of 100 publicly listed American companies based on their revenue in China last year.

Among the top 100 earners in China, 26 were from the semiconductor industry, which both Beijing and Washington have listed as a strategic sector. The US also imposed restrictions on exports of artificial intelligence (AI) computing power and high-end chips to China, pushing the world’s second-largest economy to accelerate domestic development.

Advertisement

Out of the top 10 earners last year, chip giants secured six slots – Qualcomm, Nvidia, Intel, Broadcom, Applied Materials and Advanced Micro Devices (AMD), with four of them reporting year-on-year revenue gains from China.

Furthermore, Western Digital, Analog Devices (ADI) and AMD led the expansion with year-on-year growth rates of 43 per cent, 34 per cent and 24 per cent, respectively. The three ranked 33rd, 30th and 10th, according to Hurun’s list.

Advertisement

The strong momentum underscores “the robust market demand for AI computing power, high-end chips, and the semiconductor industry chain in China”, said Rupert Hoogewerf, chairman and chief researcher of Hurun, in a statement.

05:04China creates analogue AI chip said to be 1,000 times faster than Nvidia GPUAdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x