MRCM News / 2020-03-30 / Hits(169)
Chinese artificial intelligence chip pioneer Cambricon Technology will go public on China's Nasdaq-style sci-tech innovation board known as the STAR market.
Cambricon said in its prospectus that it aims to raise no more than 2.8 billion yuan ($396 million).
On December 5, 2019, Cambricon and CITIC Securities signed an A-share listing guidance agreement, paving way for Cambricon to be listed on the STAR market.
The company said in a filing that it recorded 444 million yuan in revenue in 2019, and posted a net loss of about 1.179 billion yuan that year.
Founded in March 2016 by two brothers – Chen Tianshi and Chen Yunji – with a background in computer science, Cambricon has quickly grown into a major force in the booming Chinese semiconductor industry.
Cambricon's AI chip intellectual property products have powered smartphones and data servers including those made by Huawei Technologies Co and Alibaba Group
“MRCM do NOT have any MOQ requirement. We can send a sample model to you for quality check and test within 72hours. It's ALL FREE ! ”