Cambricon Technologies H1 net profit 1.0 bln yuan

Cambricon Technologies H1 net profit 1.0 bln yuan

In a significant milestone for China's burgeoning AI chip industry, Cambricon Technologies has announced its first-half (H1) net profit of 1.0 billion yuan. This figure reflects the company's robust growth and increasing market presence, particularly in the domestic AI hardware sector [1].

Founded in 2016 by brothers Chen Yunji and Chen Tianshi, Cambricon Technologies has rapidly established itself as a key player in the development and design of AI chips for cloud servers, edge devices, and terminals. The company's stock has surged over the past two years, driven by expectations that it could challenge the dominance of Nvidia in the mainland market [1].

The company's core business is the development of AI chips, with the Siyuan 690 series set to succeed the Siyuan 590, which was launched in 2023. The Siyuan 690 is expected to approach the capabilities of Nvidia's H100, further cementing Cambricon's position in the competitive AI chip market [1].

The strong domestic demand for AI hardware, coupled with regulatory and geopolitical shifts, has fueled the rapid growth of Cambricon. Analysts attribute the company's valuation surge to heavy anticipation of its future potential, driven by recent optimizations for local hardware by DeepSeek [1].

The H1 net profit of 1.0 billion yuan marks a significant achievement for Cambricon and underscores the company's strategic positioning in the Chinese AI ecosystem. As the global semiconductor industry continues to evolve, Cambricon's performance will be closely watched by investors and financial professionals alike.

References:

[1] https://www.scmp.com/tech/big-tech/article/3323173/meet-cambricon-how-two-genius-brothers-created-chinas-potential-rival-nvidia