Metax C600 GPU Mass Produced as Domestic AI Chip Maker Hits First Profit

Metax reported its first-ever net profit of 612 million RMB in the first half of 2024, marking a financial turning point for China's domestic GPU sector. This milestone validates the business model for local chipmakers that have spent years developing high-performance AI accelerators. Buyers and investors now have proof that Chinese firms can sustain GPU development without external subsidies.

Metax C600 GPU mass production validates domestic AI chip business model

The company achieved this result through strong revenue growth, reaching 1.324 billion RMB, which represents a 44.67 percent increase compared to the same period last year. Metax stands as the first of China's 'Four Little Dragons' of domestic GPUs to achieve profitability. This financial health supports continued investment in their hardware roadmap.

• C600 Process Node: 7nm (Domestic)
• C600 Memory: 144GB HBM3e
• C600 Memory Bandwidth: >3.35TB/s
• C600 FP8 Compute: ~1000 TFLOPS
• C600 INT8 Compute: 2000 TOPS

Metax confirmed that its C600 GPU has entered mass production using a domestic 7nm process. The chip features 144GB of HBM3e memory with bandwidth exceeding 3.35TB/s. Performance metrics include approximately 1000 TFLOPS of FP8 compute and 2000 TOPS of INT8 compute. These specifications position the C600 as a serious contender in the local AI infrastructure market.

Metax is currently developing the next-generation C700 GPU to compete directly with NVIDIA's flagship H100. The company aims for the C700 to match the H100 in compute, memory, communication, and energy efficiency. This development targets the high-end data center segment where NVIDIA currently dominates.