https://www.scmp.com/rss/523054/feed Established in Beijing in March 2016, Cambricon builds core processor chips and general-purpose graphics processing units (GPUs) for use in the field of artificial intelligence. It has often been compared with Nvidia due to the similar fields they compete in. The company was founded by the brothers Chen Yunji and Chen Tianshi, and went public on the Shanghai stock exchange in July 2020. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Xinmei Shen Xinmei Shen Cambricon Technologies, dubbed “China’s little Nvidia,” on Thursday became the costliest stock in mainland China’s equities market after it reported substantial growth in the first quarter amid an artificial intelligence boom and China’s tech self-sufficiency push. Cambricon shares rose as much as 18 per cent to nearly 1,680 yuan (US$245) on Thursday, beating optical chipmaker Yuanjie Semiconductor Technology, which traded at around 1,660 yuan. On Wednesday, Cambricon announced a 160 per cent... https://www.scmp.com/tech/article/3351894/revenue-jumps-chinas-cambricon-metax-amid-thirst-domestic-ai-chips?utm_source=rss_feed https://www.scmp.com/tech/article/3351894/revenue-jumps-chinas-cambricon-metax-amid-thirst-domestic-ai-chips?utm_source=rss_feed Wed, 29 Apr 2026 13:15:23 +0000 Xinmei Shen Xinmei Shen Chinese optical chipmaker Yuanjie Semiconductor Technology reported an elevenfold surge in first-quarter profits as domestic firms capitalise on soaring demand for computing power amid the artificial intelligence boom and the country’s tech self-sufficiency drive. Net profit in the three months ended March 31 jumped 1,153 per cent year on year to 179 million yuan (US$26.2 million), while revenue grew 321 per cent to 355 million yuan, the Shanghai-listed company said in a stock-exchange filing on... https://www.scmp.com/tech/tech-trends/article/3351605/optical-chipmakers-profit-soars-1153-ai-demand-chinas-tech-self-reliance-push?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3351605/optical-chipmakers-profit-soars-1153-ai-demand-chinas-tech-self-reliance-push?utm_source=rss_feed Mon, 27 Apr 2026 14:00:35 +0000 Iris Deng Iris Deng Shares of Moore Threads, one of China’s Nvidia challengers, jumped as much as 12.5 per cent on Monday morning on the back of a swing to a profit in the first quarter, as domestic graphics processing unit (GPU) champions capitalised on surging computing demand amid Beijing’s push for chip self-sufficiency. The Beijing-based firm reported a net profit of 29.4 million yuan (US$4.3 million) for the January to March 2026 period, compared with a net loss of 112.5 million yuan a year earlier, according... https://www.scmp.com/tech/article/3351492/moore-threads-posts-us43m-profit-nvidia-rival-surges-amid-beijing-chip-push?utm_source=rss_feed https://www.scmp.com/tech/article/3351492/moore-threads-posts-us43m-profit-nvidia-rival-surges-amid-beijing-chip-push?utm_source=rss_feed Mon, 27 Apr 2026 01:00:13 +0000 Coco Feng Coco Feng Cambricon Technologies, a Chinese semiconductor designer seen as a potential alternative to US giant Nvidia, will pay its maiden dividend after posting its first full-year profit since listing in 2020. Cambricon, dubbed “little Nvidia”, planned to distribute a cash dividend of 15 yuan (US$2.2) for every 10 shares held, totalling more than 632 million yuan, according to its filing to the Shanghai Stock Exchange on Thursday. Another 20 million yuan would be allocated for share buy-backs, taking... https://www.scmp.com/tech/article/3346447/cambricon-chinas-little-nvidia-pay-maiden-dividend-after-profitable-2025?utm_source=rss_feed https://www.scmp.com/tech/article/3346447/cambricon-chinas-little-nvidia-pay-maiden-dividend-after-profitable-2025?utm_source=rss_feed Fri, 13 Mar 2026 04:34:06 +0000 Wency Chen Wency Chen China’s semiconductor entrepreneurs – including artificial intelligence chipmaker Cambricon Technologies and testing-and-packaging leader Tongfu Microelectronics – have voiced support for the country’s 15th five-year plan, which places renewed emphasis on the chip industry as a cornerstone of Beijing’s technology ambitions. “National policy direction and planning are very well designed,” said Chen Tianshi, founder and CEO of Beijing-based Cambricon. Speaking on the sidelines of the opening of... https://www.scmp.com/tech/article/3345996/chinas-chip-bosses-endorse-semiconductor-push-next-5-year-plan?utm_source=rss_feed https://www.scmp.com/tech/article/3345996/chinas-chip-bosses-endorse-semiconductor-push-next-5-year-plan?utm_source=rss_feed Mon, 09 Mar 2026 23:00:11 +0000 Ben Jiang Ben Jiang Chinese chip designers from Cambricon Technologies and Moore Threads Technology to MetaX Integrated Circuits posted stellar earnings on Friday, driven by growing demand for domestic semiconductors amid Beijing’s tech-sufficiency push. Beijing-based Cambricon, seen as a local alternative to US chip giant Nvidia, reported a net profit of 2.06 billion yuan (US$301 million) for 2025, its first full-year profit since listing in 2020, according to a filing to the Shanghai Stock Exchange. Revenue for... https://www.scmp.com/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed https://www.scmp.com/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed Fri, 27 Feb 2026 14:26:21 +0000 Ann Cao Ann Cao Alibaba Group Holding has delivered more than 100,000 units of its most advanced artificial intelligence chip, the Zhenwu 810E, whose performance is said to be comparable to Nvidia’s H20, according to people familiar with the matter – a milestone that highlights the company’s growing role in China’s race to build domestic alternatives to US processors. The shipments, handled by Alibaba’s semiconductor arm T-Head, have already surpassed those of domestic rival Cambricon Technologies, the sources... https://www.scmp.com/tech/article/3341860/alibaba-ai-chip-push-hits-100000-mark-beating-local-rival-cambricon-sources?utm_source=rss_feed https://www.scmp.com/tech/article/3341860/alibaba-ai-chip-push-hits-100000-mark-beating-local-rival-cambricon-sources?utm_source=rss_feed Fri, 30 Jan 2026 11:24:07 +0000 Ann Cao Ann Cao The plans of Alibaba Group Holding and Baidu to list their semiconductor design units could intensify competition with other domestic artificial intelligence chip developers to unseat Nvidia as the country’s top supplier of high-performance AI processors, according to analysts. The two Chinese internet peers’ initiatives reflected the strong investor appetite for AI chip firms and growing demand for alternative computing resources in the domestic AI sector, as Beijing pushed for greater... https://www.scmp.com/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed Sat, 24 Jan 2026 03:00:17 +0000 Ann Cao Ann Cao Moore Threads, one of China’s artificial intelligence chip champions, expects to report a tripling of revenue for 2025, reflecting how local semiconductor firms are expanding rapidly amid Beijing’s push for self-sufficiency. The company, founded in 2020 by Nvidia’s former China head Zhang Jianzhong, said it expected revenue to land between 1.45 billion yuan (US$208 million) and 1.52 billion yuan after surging between 231 per cent and 247 per cent compared with 2024, according to a stock exchange... https://www.scmp.com/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed Thu, 22 Jan 2026 10:30:09 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence pioneer SenseTime has open-sourced a “world model” and kicked off its foray into the burgeoning field of embodied intelligence by releasing its first robotic dogs. The Hong Kong-listed AI firm’s new venture, Ace Robotics, on Thursday released Kairos 3.0, an open-source model that simulates the physical world, and a developer platform called “KaiWu” that supports embodied intelligence applications. “Ace Robotics will promote the large-scale commercialisation of... https://www.scmp.com/tech/tech-trends/article/3336956/sensetime-pushes-open-source-ai-model-provide-smart-brain-every-robot?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336956/sensetime-pushes-open-source-ai-model-provide-smart-brain-every-robot?utm_source=rss_feed Thu, 18 Dec 2025 13:30:16 +0000 Ann Cao Ann Cao China’s artificial intelligence developers are expected to welcome Washington’s go-ahead for Nvidia to ship its H200 AI chips to approved customers on the mainland, according to analysts, even as Beijing continues to drive the country’s tech self-sufficiency efforts. In a post on his Truth Social platform on Monday, US President Donald Trump said he had informed his Chinese counterpart, Xi Jinping, of that decision “under conditions that allow for continued strong national security”. Xi had... https://www.scmp.com/tech/big-tech/article/3335802/tech-war-chinas-ai-developers-welcome-nvidias-h200-chip-shipments-analysts-say?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335802/tech-war-chinas-ai-developers-welcome-nvidias-h200-chip-shipments-analysts-say?utm_source=rss_feed Tue, 09 Dec 2025 13:00:13 +0000 Vincent Chow Vincent Chow Chinese chip designer Cambricon Technologies and artificial intelligence company SenseTime have teamed up to advance the country’s efforts to become self-reliant in AI infrastructure, according to a social media post on Wednesday. The two companies intend to leverage their respective hardware and software expertise to promote “a new indigenous AI development paradigm”, according to a WeChat post by SenseTime, in response to the “AI Plus” strategy unveiled in August by the State Council, China’s... https://www.scmp.com/tech/tech-trends/article/3329146/cambricon-sensetime-form-strategic-cooperation-support-chinas-tech-self-reliance-push?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3329146/cambricon-sensetime-form-strategic-cooperation-support-chinas-tech-self-reliance-push?utm_source=rss_feed Thu, 16 Oct 2025 02:00:14 +0000 Vincent Chow Vincent Chow When Alibaba Group Holding’s CEO Eddie Wu Yongming took the stage at the company’s annual Apsara conference in Hangzhou on September 24, few people expected the media-shy executive to deliver anything shocking, especially since he read from prepared statements at last year’s event. Wu, however, immediately outlined a clear road map for Alibaba’s AI development, with a goal towards so-called artificial superintelligence (ASI) – when the firm’s Qwen open-source models and cloud services would... https://www.scmp.com/tech/tech-war/article/3328568/chinas-lesson-us-it-takes-more-chips-win-ai-race?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3328568/chinas-lesson-us-it-takes-more-chips-win-ai-race?utm_source=rss_feed Sat, 11 Oct 2025 04:00:13 +0000 Bloomberg Bloomberg China’s chip stocks have staged a world-beating rally in the past few months on the nation’s self-sufficiency push, but some investors are beginning to balk at their lofty valuations. Cambricon Technologies, dubbed “China’s Nvidia” by retail investors, is trading at an earnings multiple nearly five times that of the more famous AI chip designer. Semiconductor Manufacturing International and Hua Hong Semiconductor are priced at premiums to major global foundries. Mirroring the US dynamic, China’s... https://www.scmp.com/business/article/3328464/soaring-valuations-among-chinas-sizzling-chip-ai-related-stocks-test-investors-patience?utm_source=rss_feed https://www.scmp.com/business/article/3328464/soaring-valuations-among-chinas-sizzling-chip-ai-related-stocks-test-investors-patience?utm_source=rss_feed Fri, 10 Oct 2025 03:14:25 +0000 Wency Chen Wency Chen Chinese companies are stepping out of Nvidia’s chipmaking shadow by developing processors that play a different role in artificial intelligence (AI). Application-specific integrated circuits, or ASICs, do the work when AI systems interact with the real world, for instance, performing real-time video analysis in autonomous vehicles, surveillance or surgery. The chips are custom-designed to do that one specific task as efficiently as possible. By contrast, Nvidia graphics processing units (GPUs)... https://www.scmp.com/plus/article/3327767/ai-accelerators-offer-opportunity-china-chipmakers?utm_source=rss_feed https://www.scmp.com/plus/article/3327767/ai-accelerators-offer-opportunity-china-chipmakers?utm_source=rss_feed Fri, 03 Oct 2025 08:42:26 +0000 Ann Cao,Wency Chen Ann Cao,Wency Chen When Chinese artificial intelligence start-up DeepSeek unveiled an updated foundational model late in August, investors in Nvidia were stunned. Shares of the US chip giant slid, as market watchers grappled with news that the two-year-old start-up, which has developed models rivalling the world’s best, was shifting towards supporting domestically produced chips. Adding to their concerns, DeepSeek was not alone in its endeavour to empower China’s AI ambitions without relying on US technology. Last... https://www.scmp.com/tech/tech-war/article/3327025/home-grown-heroes-how-huawei-and-deepseek-are-helping-china-break-reliance-us-chips?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3327025/home-grown-heroes-how-huawei-and-deepseek-are-helping-china-break-reliance-us-chips?utm_source=rss_feed Sat, 27 Sep 2025 02:00:09 +0000 Ann Cao Ann Cao Huawei Technologies’ quest for greater computing power for artificial intelligence projects is expected to rest on the firm’s latest supernode computing cluster systems, as these take on rival platforms from Nvidia and xAI. The Atlas 950 and Atlas 960 SuperPoDs, as well as the Atlas 950 and Atlas 960 SuperClusters, are expected to help the Shenzhen-based firm “circumvent the limitations in China’s chip manufacturing process”, Huawei deputy chairman Eric Xu Zhijun, who serves as the privately... https://www.scmp.com/tech/tech-war/article/3326432/tech-war-huaweis-computing-cluster-power-ai-projects-challenge-us-platforms?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3326432/tech-war-huaweis-computing-cluster-power-ai-projects-challenge-us-platforms?utm_source=rss_feed Tue, 23 Sep 2025 01:00:11 +0000 Ann Cao Ann Cao Cambricon Technologies, the Chinese semiconductor designer seen as a potential alternative to US rival Nvidia, expressed confidence in its revenue growth prospects after a record first half on the back of strong demand for its artificial intelligence chips. “AI chips, as the core of computing infrastructure, are experiencing unprecedented opportunities,” Chen Tianshi, chairman and co-founder, said at an online event on Thursday, adding that the company would continue to focus on technological... https://www.scmp.com/tech/tech-war/article/3326184/cambricon-chinas-little-nvidia-sees-unprecedented-scope-home-grown-ai-chips?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3326184/cambricon-chinas-little-nvidia-sees-unprecedented-scope-home-grown-ai-chips?utm_source=rss_feed Fri, 19 Sep 2025 11:05:47 +0000 Yulu Ao Yulu Ao Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the mainland’s most frenzied stock rallies this year. Shares of the Shanghai-listed company sank as much as 16 per cent before closing 14.4 per cent lower at 1,202 yuan, the steepest single-day decline since January 16. The stock lost 84 billion yuan (US$11.8 billion) in market capitalisation. The sharp sell-off also erased 6.9 per cent from the... https://www.scmp.com/business/china-business/article/3324360/cambricon-shares-slump-14-most-7-months-reality-check-hits-investors?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3324360/cambricon-shares-slump-14-most-7-months-reality-check-hits-investors?utm_source=rss_feed Thu, 04 Sep 2025 10:12:10 +0000 Coco Feng Coco Feng Shares of Cambricon Technologies on Monday closed lower on the Shanghai Stock Exchange after a representative of Alibaba Group Holding denied speculation that it had ordered 150,000 graphics processing units (GPUs) from the Beijing-based AI chip designer. According to the representative, the platform of Alibaba Cloud – the artificial intelligence and cloud computing services unit of e-commerce giant Alibaba – was powered by multiple Chinese-designed GPUs. Alibaba owns the South China Morning... https://www.scmp.com/tech/tech-trends/article/3323945/chip-designer-cambricon-chinas-little-nvidia-stays-spotlight-amid-potential?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3323945/chip-designer-cambricon-chinas-little-nvidia-stays-spotlight-amid-potential?utm_source=rss_feed Mon, 01 Sep 2025 13:00:08 +0000 Ben Jiang Ben Jiang Baidu, one of China’s artificial intelligence champions, on Thursday unveiled its Baige 5.0 AI infrastructure platform – powered by a mix of semiconductors, including those designed by its Kunlunxin unit – to raise the efficiency of DeepSeek’s open-source models. The Beijing-based AI and internet search giant’s upgraded platform delivers a speedier network connection, increased computing power, and enhanced model training and inferencing capabilities, according to executive vice-president Shen... https://www.scmp.com/tech/big-tech/article/3323480/baidu-unveils-ai-computing-platform-powered-chinese-chips-push-domestic-tech-stack?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323480/baidu-unveils-ai-computing-platform-powered-chinese-chips-push-domestic-tech-stack?utm_source=rss_feed Thu, 28 Aug 2025 08:30:15 +0000 Ann Cao Ann Cao Cambricon Technologies, the Beijing-based chipmaker seen as a potential alternative to Nvidia’s graphics processing units (GPUs), reported a record revenue surge in the first half amid a Chinese stock market frenzy driven by DeepSeek’s breakthrough AI models. Cambricon’s revenue surged 4,348 per cent year on year to 2.88 billion yuan (US$403.8 million) in the first six months of 2025, a record high for the company since it went public in 2020. Profit reached 1.04 billion yuan, reversing a net... https://www.scmp.com/tech/big-tech/article/3323288/chinas-little-nvidia-cambricon-sees-4348-cent-revenue-surge-amid-ai-frenzy?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323288/chinas-little-nvidia-cambricon-sees-4348-cent-revenue-surge-amid-ai-frenzy?utm_source=rss_feed Wed, 27 Aug 2025 04:43:12 +0000 Wency Chen Wency Chen The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings ratio above 4,000 – compared to under 60 for Nvidia – reflects a growing belief in China that the country is on a path to develop an AI... https://www.scmp.com/tech/big-tech/article/3323173/meet-cambricon-how-two-genius-brothers-created-chinas-potential-rival-nvidia?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323173/meet-cambricon-how-two-genius-brothers-created-chinas-potential-rival-nvidia?utm_source=rss_feed Tue, 26 Aug 2025 10:00:24 +0000 Yulu Ao Yulu Ao Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a record 1,384.93 yuan, giving it 579.38 billion yuan (US$81 billion) in market value. The stock has more than doubled in... https://www.scmp.com/business/china-business/article/3323078/changing-times-cambricon-tops-moutai-chinas-costliest-stock-chips-trump-baijiu?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3323078/changing-times-cambricon-tops-moutai-chinas-costliest-stock-chips-trump-baijiu?utm_source=rss_feed Mon, 25 Aug 2025 10:40:07 +0000 Xinmei Shen Xinmei Shen Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4 billion yuan (US$560 million) for AI chip development, boosting its standing in the country’s tech self-sufficiency drive. In a statement on the weekend, Cambricon said the Shanghai Stock Exchange had given the go-ahead for its 3.98 billion yuan fundraising plan, which is pending approval from the China Securities Regulatory Commission. The move comes after its stock price... https://www.scmp.com/tech/big-tech/article/3322203/chinas-nvidia-challenger-cambricon-raise-us560-million-ai-chip-development?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322203/chinas-nvidia-challenger-cambricon-raise-us560-million-ai-chip-development?utm_source=rss_feed Mon, 18 Aug 2025 07:33:52 +0000