Cambricon Technologies Wins CNY 300 Mn Order

Technology Author: Fuller Wang Dec 21, 2020 07:54 PM (GMT+8)

As a popular AI processor chips manufacturer in China, the company is listed on China's SSE Star Market in July 2020, and its price surges over 250% since then.

artificial intelligence

On December 21, 2020, Cambricon Technologies wins the order to provide intelligent hardware equipment and build an AI computing platform for Nanjing Intelligent Computing Center. The value of the contract is over CNY 300 million, and all the products are expected to be delivered within 20 days when the formal contract is signed by both sides.

 Founded in 2016, Cambricon Technologies manufactures core processor chips for intelligent cloud servers, AI terminals, and robots. Its founders, Yunji Chen and Tianshi Chen, are from the Chinese Academy of Sciences Information Technological Sciences Division, and they focus on AI research and chip design respectively. The company was listed on the China SSE Star Market on July 20, 2020, with an IPO price of CNY 64.39, and the share price has risen by over 250%. The market value used to exceed CNY 100 billion. Stimulated by the good news, the company's shares closed at CNY 162.06 on December 21, up 1.5%.