US EditionCambricon Posts $403 Million Revenue in First Half of 2025, up 4,348% Y-O-Y · TechNode
Cambricon Technologies reported a 44-fold revenue increase to CNY 2.9 billion and net profits of CNY 1 billion in H1 2025, driven by government-backed demand for domestic AI chips.
- For the six months ending June 30, Cambricon Technologies reported revenue of CNY 2.9 billion and net profit exceeding CNY 1 billion, reversing prior losses.
- Chinese authorities have urged agencies to adopt homegrown chips to boost domestic tech use, while U.S. export curbs and past blacklisting have constrained imports, creating openings for local suppliers.
- Investors pushed Cambricon shares to 1,384.93 yuan on Monday, doubling its market value to $80 billion and inflating the price-to-earnings ratio to 4,463 times.
- Despite the gains, Cambricon acknowledged intensifying competition as Nvidia still holds an absolute advantage; analysts warn of client-concentration risks and manufacturing scale limits for Chinese chipmakers and manufacturers.
- Cambricon Technologies forecasted net profits growing 59% this year and 28% next year, plans a $5 billion capital raise plus a $4 billion private placement, while a major investment bank recently upgraded its stock with a 12-month price target of CNY 1,835.
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Cambricon posts $403 million revenue in first half of 2025, up 4,348% y-o-y · TechNode
On Tuesday, Chinese chip firm Cambricon Technologies reported revenue of RMB 2.88 billion ($403 million) for the first half of 2025 in its semiannual report, marking a year-on-year surge of 4,347.8%. Net profit attributable to shareholders stood at RMB 1.04 billion ($145 million), as the company returned to profitability after a loss during the same period last year. Cambricon said the sharp increase in revenue was mainly due to its continued ma…
China AI chip leader Cambricon sees record earnings boost from DeepSeek
Cambricon Technologies Corp. swung to a record profit in the first half, reflecting a wave of demand for Chinese chips after Beijing encouraged the use of homegrown technology in a post-DeepSeek AI boom. The Chinese AI chip designer, which competes with Huawei Technologies Co. to provide accelerators for developing and hosting AI models, posted a 1.03 billion yuan profit ($144 million) versus a year-earlier loss of 533 million yuan. That’s off a…
China AI Chip Leader Cambricon Sees Record Earnings Boost From DeepSeek
Cambricon Technologies Corp. swung to a record profit in the first half, reflecting a wave of demand for Chinese chips after Beijing encouraged the use of homegrown technology in a post-DeepSeek AI boom.
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