VeriSilicon reports 91% first-half revenue growth as AI orders reach 90% of backlog
The AMW Read
VeriSilicon's earnings confirm known AI-design demand growth but provide a concrete revenue figure significant for the chip infrastructure segment.
VeriSilicon reports 91% first-half revenue growth as AI orders reach 90% of backlog
Chinese semiconductor design company VeriSilicon posted first-half revenue of RMB 1.864 billion (~$261 million), up 91.37% year on year. As of June 30, the company's orders on hand stood at RMB 12.449 billion (~$1.74 billion), with AI-computing-related orders accounting for approximately 90% of new orders signed this year.
The surge reflects sustained demand for custom chip design and turnkey services tied to AI infrastructure buildout in China. With the majority of new business flowing from AI compute projects, VeriSilicon is positioning itself as a key upstream design partner for domestic accelerator and server deployment. The company's backlog concentration in AI suggests that order momentum is being driven by hyperscaler and enterprise expansion rather than cyclical consumer demand.
For builders and investors, the figures indicate that AI-driven semiconductor design workloads remain a robust growth area in China despite broader macroeconomic pressure. Startups seeking ASIC or SoC design support may find VeriSilicon's capacity increasingly tied to AI orders, potentially affecting lead times. Investors should monitor whether this AI-heavy backlog translates into sustained margin improvement in the second half, and whether order mix shifts toward higher-value design services.