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CAMBRICON Plans to Triple Chip Output Next Yr, Aiming to Replace Nvidia's Mkt Shr in CN: Wire
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An AI chip leader in Mainland China, CAMBRICON (688256.SH), plans to more than triple its chip production by 2026, with a target to capture market share in the Mainland from rival Huawei and fill the void left by Nvidia (NVDA.US) being forced out, Bloomberg reported. CAMBRICON plans to deliver 500,000 AI accelerators in 2026, including up to 300,000 of the most advanced Siyuan 590 and 690 chips, the report reported, quoting people familiar with the matter. CAMBRICON will primarily rely on SMIC's (00981.HK) latest process, the so-called "N+2" 7nm technology, report added. Neither CAMBRICON nor SMIC have responded to the news. AASTOCKS Financial News Website: www.aastocks.com |
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