Synopsis
Chinese GPU maker Iluvatar CoreX saw a 92% revenue surge in 2025. This growth stems from increased customers seeking local AI chips. The company's general-purpose GPU business performed strongly. This highlights China's push for domestic AI hardware alternatives. Iluvatar CoreX now serves over 340 clients across various sectors.The results underscore growing appetite for homegrown AI chip technology in China, as domestic technology firms seek alternatives to Nvidia chips due to US export restrictions.
Revenue for the full year reached 1.03 billion yuan ($149.09 million), while adjusted net loss narrowed 32.1% year-on-year.
The company's core general-purpose GPU business, which accounted for 89% of total revenue, grew 149.6% year-on-year to 923 million yuan, driven by strong demand across both its training and inference product lines.
Iluvatar CoreX said it served more than 340 customers across industries including internet, finance, healthcare, education and transportation as of the end of 2025. ($1 = 6.9087 Chinese yuan renminbi)
