Chinese AI chipmaker Cambricon Technologies, often dubbed “China’s Nvidia,” reported an extraordinary 14-fold revenue increase in its latest quarter, marking one of the strongest performances in the country’s semiconductor sector this year. Quarterly revenue jumped to about 1.73 billion yuan (roughly $240 million), with profits reaching 567 million yuan, reversing last year’s loss. The surge came as China accelerated efforts to replace foreign AI processors amid U.S. export restrictions on Nvidia’s high-end GPUs.
Following the results, Cambricon’s stock price soared nearly 15 percent, propelling the firm’s valuation and catapulting CEO Chen Tianshi into the ranks of the world’s richest individuals. His net worth reportedly climbed to around $24 billion, reflecting the country’s growing enthusiasm for homegrown AI hardware.
Cambricon designs AI accelerators for cloud computing, edge devices, and data centers—key areas of China’s push for technological self-sufficiency. While investors view the company as a national champion, analysts warn that its valuation, now exceeding 100 times sales, may not be sustainable. Despite the spectacular quarter, Cambricon still trails far behind Nvidia in global market share and advanced process technology. Whether the company can translate this momentum into long-term competitiveness remains the central question.
Following the results, Cambricon’s stock price soared nearly 15 percent, propelling the firm’s valuation and catapulting CEO Chen Tianshi into the ranks of the world’s richest individuals. His net worth reportedly climbed to around $24 billion, reflecting the country’s growing enthusiasm for homegrown AI hardware.
Cambricon designs AI accelerators for cloud computing, edge devices, and data centers—key areas of China’s push for technological self-sufficiency. While investors view the company as a national champion, analysts warn that its valuation, now exceeding 100 times sales, may not be sustainable. Despite the spectacular quarter, Cambricon still trails far behind Nvidia in global market share and advanced process technology. Whether the company can translate this momentum into long-term competitiveness remains the central question.