Cambricon’s Quarterly Revenue Soars 1,400%, Propelling CEO into Global Billionaire Ranks
Beijing-based AI chipmaker Cambricon Technologies has reported a staggering 1,400% quarterly revenue increase, according to recent earnings data. The surge has catapulted CEO Chen Tianshi into the global billionaire elite while highlighting China’s semiconductor self-sufficiency efforts.
Explosive Quarterly Performance
Cambricon Technologies, often referred to in trading circles as “China’s Nvidia,” has reported a monumental third-quarter earnings performance, according to financial reports analyzed by Bloomberg and Forbes. The Beijing-based AI chipmaker reportedly saw quarterly revenue surge approximately 14-fold year-over-year, transforming a substantial net loss into a $79.6 million profit – representing a 1,332% improvement from the same period last year.
