Latest News In AI Chips - Andes Technology's Record Revenue Driven By AI Demand

Andes Technology Corporation has reported a record revenue of over $42 million for 2024, notably driven by the growing demand for AI applications, which account for 38% of its revenue. This growth reflects a broader trend in the adoption of RISC-V processor IP solutions across various sectors, with AI, consumer electronics, IoT, and automotive leading the charge. Andes continues to solidify its leadership in RISC-V architecture through innovation and strategic customer partnerships, including notable entities like Axelera AI, Fractile AI, and Meta. Geographically, the company’s most significant markets include Taiwan and the United States, and it is further expanding its global presence.

Elsewhere in the market, Astera Labs (NasdaqGS:ALAB) was a notable mover up 10.5% and finishing the session at $72.18. At the same time, Advanced Micro-Fabrication Equipment China (SHSE:688012) softened, down 2.3% to close at CN¥199.70.

Intel's strategic initiatives, including the Panther Lake launch and AI CPUs, aim to bolster market share and profitability. Discover more about Intel's growth strategy and projections in our detailed company narrative.

On a related note, check out the Market Insights piece that examines the impact of DeepSeek's R1 model on the AI chip industry, highlighting potential shifts in demand and the implications for companies within the AI ecosystem.

Best AI Chip Stocks

• NVIDIA (NasdaqGS:NVDA) settled at $121.67 up 5.3%. Today, NVIDIA is presenting at the Adobe Summit 2025 in Las Vegas.
• Advanced Micro Devices (NasdaqGS:AMD) ended the day at $100.97 up 2.9%. On Friday, AMD filed a proxy statement urging shareholders to vote against a proposal to remove a provision affecting certain shareholder voting rights.
• Intel (NasdaqGS:INTC) settled at $24.05 up 1.5%. On Monday, Intel's Director of Digital Capabilities and Operations, Geoff Ivey, is presenting at the Adobe Summit 2025 in Las Vegas.

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Sources:

• Simply Wall St
• "Andes Technology Achieves Record Annual Revenue Amid Strong AI Demand" from Andes Technology Corporation on GlobeNewswire (published 14 March 2025)

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