{ “title”: “Andes Technology Sees Record Revenue Boosted by AI Chip Demand”, “description”: “Fueled by the AI boom, Andes Technology Corporation reports record revenue driven by the growing demand for AI applications.”, “tags”: “AI chips, Andes Technology, RISC-V, NVIDIA, AMD, Intel”, “rewritten_content”: “Andes Technology Corporation announced record revenue exceeding $42 million for 2024, primarily driven by the increasing demand for AI applications. These now constitute 38% of the company’s revenue, reflecting a larger trend in the adoption of RISC-V processor IP solutions across multiple sectors. AI, consumer electronics, IoT, and automotive are at the forefront of this trend.
Andes continues to strengthen its position in RISC-V architecture through innovation and strategic partnerships, including collaborations with Axelera AI, Fractile AI, and Meta. Key markets for the company include Taiwan and the United States, with further expansion planned globally.
In related market news, Astera Labs (NasdaqGS:ALAB) experienced a notable increase, rising 10.5% to close at $72.18. Conversely, Advanced Micro-Fabrication Equipment China (SHSE:688012) saw a decrease of 2.3%, closing at CN¥199.70.
Intel’s strategic moves, including the Panther Lake launch and AI CPUs, are designed to enhance market share and profitability. For more details on Intel’s growth strategy, see our detailed company narrative.
Additionally, a Market Insights report has explored the impact of DeepSeek’s R1 model on the AI chip industry, highlighting potential changes in demand and implications for AI ecosystem companies.
Best AI Chip Stocks
NVIDIA (NasdaqGS:NVDA) closed 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 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.
Disclaimer: This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.nSources: Simply Wall Stn”Andes Technology Achieves Record Annual Revenue Amid Strong AI Demand” from Andes Technology Corporation on GlobeNewswire (published 14 March 2025)” }
