Cambricon aims for 13.5B yuan in 2026 revenue and 40.5B yuan by 2027, with a 20-fold increase from previous plans; grants 5M restricted shares to over 85% of its 1,107 employees.
Chinese chip suppliers, including Huawei and Cambricon, along with domestic tech giants, are projected to capture nearly 80% of China's AI server market this year, further eroding the position of global rivals like Nvidia due to geopolitical tensions and Beijing's push for self-reliance.
Cambricon shares rose 18% to nearly 1,680 yuan on Thursday, outperforming rival Yuanjie Semiconductor Technology. The Beijing-based chip designer reported a 160% revenue jump to 2.89 billion yuan in Q1 2026, with profits soaring 185% to 1 billion yuan, driven by sustained AI computing power demand. The company overtook Kweichow Moutai in stock price last August.
Chinese chip designers Cambricon Technologies and MetaX Integrated Circuits reported substantial growth in the first quarter, as the artificial intelligence boom, lingering US export-control risks and China’s self-sufficiency push drove the country’s demand for home-grown computing power. Cambricon’s first-quarter revenue jumped 160 per cent from a year earlier to 2.89 billion yuan (US$423 million), while profit soared 185 per cent to 1 billion yuan, the company said in a filing on...
Chinese chip designers Cambricon Technologies and MetaX Integrated Circuits reported substantial growth in the first quarter, as the artificial intelligence boom, lingering US export-control risks and China’s self-sufficiency push drove the country’s demand for home-grown computing power. Cambricon’s first-quarter revenue jumped 160 per cent from a year earlier to 2.89 billion yuan (US$423 million), while profit soared 185 per cent to 1 billion yuan, the company said in a filing on...
