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380:. There were concerns about Cambricon 's prospects due to increasing competition in the field of AI chips as well as US sanctions. Despite this, the company had a strong debut with its share price rising 230% above its listing price valuing the company at US$ 12 billion. Overall the IPO raised $ 369 million.
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In
February 2024, Cambricon reported an annual net loss for 2023 making it the seventh consecutive year of losses for the company although its losses were less than 2022. Due to US sanctions, the company struggled with access to advanced manufacturing processes making its products less competitive.
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The chips having inferior performance made it difficult to achieve widespread adoption. Cambricon had to heavily rely on government-affiliated clients for its revenue which was stable but not sufficient for sustained significant revenue growth.
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and
Alibaba Group had sold all their shares in Cambricon. At this point Cambricon's share price was only half of its IPO price as the company struggled to turn a profit. Cambricon attributed the loses to increased investment in
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In March 2016, the
Cambricon project was spun out as a business. The brothers co-founded the company Cambricon which was set up to bring chips from the Cambricon project to the commercial market.
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331:(CAS) with a focus on computing technology. The two were part of the Cambricon project which is named after the
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although the contact was terminated that year when Huawei decided to use its own AI chips from its subsidiary,
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In June 2018, Cambricon was valued at US$ 2.5 billion making it one of China's most valuable AI
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The company builds core processor chips for use in the field of
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In July 2023, Cambricon laid off half its workers at its
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to upgrade its products so they can remain competitive.
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256:Footnotes / references
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618:Zhang, Lilian (28 July 2023).
506:Tan, Rebecca (19 April 2017).
303:(AI). It has been compared to
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1451:2020 initial public offerings
775:Hejian Technology Corporation
721:Electronics industry in China
568:Stone, Louis (20 July 2020).
307:due to their similar focus.
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817:Maxscend Microelectronics
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624:South China Morning Post
512:Asian Scientist Magazine
483:South China Morning Post
411:research and development
1096:Zhixin New Information
374:initial public offering
301:artificial intelligence
884:United Nova Technology
827:NAURA Technology Group
265:Cambricon Technologies
184:−878.08 million (2023)
54:State-owned enterprise
1213:Chaozhou Three-Circle
1190:Electronic components
857:Sanan Optoelectronics
735:Actions Semiconductor
164:709.39 million (2023)
93:; 8 years ago
750:Allwinner Technology
452:"2023 Annual Report"
406:China Merchants Bank
544:China Money Network
230:Number of employees
224:5.73 billion (2023)
204:6.42 billion (2023)
91:March 15, 2016
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889:Will Semiconductor
822:Montage Technology
333:Cambrian explosion
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1354:Shanghai Electric
1349:Panda Electronics
1274:China Hualu Group
1264:Anker Innovations
1238:Zhongji Innolight
1030:TCL Communication
1021:BlackBerry Mobile
989:Motorola Mobility
872:Tsinghua Unigroup
546:. 9 February 2024
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1402:Kejian Group
1056:Tecno Mobile
1036:Tinno Mobile
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653:. Retrieved
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267:(Cambricon;
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211:Total equity
191:Total assets
129:Headquarters
115:Chen Tianshi
46:Company type
18:
1289:Han's Laser
1155:Konka Group
655:24 February
629:24 February
600:24 February
595:Nikkei Asia
574:AI Business
550:24 February
517:24 February
488:24 February
388:Entity List
323:degrees in
287:state-owned
37:Native name
1440:Categories
1407:ZUK Mobile
438:References
246:.cambricon
234:999 (2023)
171:Net income
144:Key people
118:Liu Shaoli
112:Chen Yunji
98:2016-03-15
1299:Hikvision
1123:Changhong
1041:Transsion
1006:Smartisan
790:HiSilicon
755:Cambricon
367:HiSilicon
321:doctorate
62:Traded as
1425:Category
1376:Unisound
1304:Inovance
1175:Skyworth
952:Polestar
842:Rockchip
812:Leadcore
797:Loongson
421:See also
347:startups
121:Wang Zai
106:Founders
78:Industry
1395:Defunct
1359:TP-Link
1314:Joyoung
1228:Goertek
1160:Meiling
1143:Hisense
1063:Umidigi
1016:Alcatel
996:Lephone
969:Hisense
932:Coolpad
913:OnePlus
862:Silergy
837:Piotech
832:Nexchip
807:Ingenic
359:iFlytek
311:History
294:Beijing
269:Chinese
239:Website
153:Revenue
133:Beijing
96: (
88:Founded
1381:Vernee
1364:Neffos
1339:Mobvoi
1329:Le.com
1324:Lemote
1309:Inspur
1233:Royole
1128:Galanz
1080:Xiaomi
984:Lenovo
974:Huawei
959:Gionee
937:G'Five
923:Realme
877:UNISOC
785:Huawei
432:Nvidia
363:Huawei
355:Lenovo
305:Nvidia
279::
277:pinyin
271::
72:688256
50:Public
1386:VTech
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1279:Dahua
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1247:Other
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1165:Midea
1138:Haier
1100:Honor
1085:Redmi
1001:Nubia
979:LeEco
964:Haier
947:Meizu
942:Geely
852:Silan
780:Hygon
455:(PDF)
273:寒武紀科技
137:China
1269:CETC
1254:Aigo
1223:CSOT
1208:CATL
1090:POCO
1073:iQOO
1068:Vivo
1051:itel
1026:Palm
918:Oppo
894:YMTC
867:SMIC
847:SMEE
760:CXMT
745:AMEC
657:2024
631:2024
602:2024
552:2024
519:2024
490:2024
459:Sohu
402:SDIC
357:and
248:.com
1319:JXD
1284:DJI
1218:CEC
1198:BOE
1107:ZTE
244:www
222:CN¥
202:CN¥
182:CN¥
162:CN¥
68:SSE
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461:.
100:)
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