VeriSilicon, a chip-design services provider, posted first-half 2026 revenue of US$276 million—up 91.37% year-on-year—as AI computing demand lifted demand for custom silicon and mass-production services.
The company's backlog of AI application-specific integrated circuits (ASICs) reached US$1.85 billion, indicating significant future order fulfillment potential.
What happened
VeriSilicon reported first-half 2026 revenue of CNY1.86 billion (US$276 million), up 91.37% year-on-year, driven by strong demand for custom silicon and mass-production services related to AI computing.
Why it matters
The revenue surge reflects growing demand for custom AI processors, a market segment that benefits chip-design companies serving companies that need specialized semiconductor solutions outside the reach of mainstream suppliers.
What to watch
VeriSilicon's AI ASIC backlog has swelled to US$1.85 billion, a metric that suggests the company has visibility into future revenue if it can execute on those orders.
Ask the AI about this article →
VeriSilicon's first-half 2026 results underscore the sustained appetite for custom AI chips among companies seeking alternatives to off-the-shelf processors. The 91% year-on-year revenue growth reflects broader trends in AI computing: as large language models and other AI applications become production workloads, customers are increasingly commissioning purpose-built silicon rather than relying on general-purpose chips. The US$1.85 billion backlog signals that this demand is not a temporary spike but reflects forward orders that the company is positioned to fulfill in coming periods. For chip-design service providers like VeriSilicon, which does not manufacture chips but provides design, verification, and production coordination, this represents a shift in customer spending toward custom solutions tailored to specific AI inference and training workloads.
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