{"id":6940,"date":"2025-08-18T11:12:10","date_gmt":"2025-08-18T11:12:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/6940\/"},"modified":"2025-08-18T11:12:10","modified_gmt":"2025-08-18T11:12:10","slug":"chinas-nvidia-challenger-cambricon-to-raise-us560-million-for-ai-chip-development","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/6940\/","title":{"rendered":"China\u2019s Nvidia challenger Cambricon to raise US$560 million for AI chip development"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4 billion yuan (US$560 million) for AI chip development, boosting its standing in the country\u2019s tech self-sufficiency drive.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In a statement on the weekend, Cambricon said the Shanghai Stock Exchange had given the go-ahead for its 3.98 billion yuan fundraising plan, which is pending approval from the China Securities Regulatory Commission. The move comes after its stock price nearly tripled over the last 12 months as China\u2019s onshore investors rushed to bet on its AI prospects.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The shares gained another 6 per cent in Shanghai on Monday to reach 976.8 yuan, on track to become only the second stock to hit 1,000 yuan in China\u2019s onshore market after Kweichow Moutai. Its shares have gained more than 280 per cent over the past year.<\/p>\n<p>Cambricon\u2019s prospects have been boosted by the Chinese government\u2019s determination to use local artificial intelligence chips. <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/tech-war\/article\/3322119\/china-mandates-more-domestic-ai-chips-data-centres-cut-reliance-nvidia?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">As the Post previously reported,<\/a> China is requiring its data centres to use more home-grown computing chips in a move that underscores Beijing\u2019s accelerated efforts to cut reliance on foreign technology as the US tightens export controls.<img decoding=\"async\" alt=\"China is requiring data centres to use more home-grown computing chips. Photo: Shutterstock Images\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/d507b617-c9e2-4211-b9b5-64fc576ffb8f_8e34c53f.jpg\" title=\"China is requiring data centres to use more home-grown computing chips. Photo: Shutterstock Images\"\/>China is requiring data centres to use more home-grown computing chips. Photo: Shutterstock Images<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Publicly owned computing hubs across the country have been asked to source more than 50 per cent of their chips from domestic producers to support the indigenous semiconductor sector, generating demand for players like Cambricon.<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4&hellip;\n","protected":false},"author":2,"featured_media":6941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,7101,289,290,7102,1793,7094,7100,381,7097,7095,7098,18,7093,19,17,7099,7096,292,2792,82,107],"class_list":{"0":"post-6940","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-amd","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-ascend","13":"tag-beijing","14":"tag-biren-technology","15":"tag-cambricon","16":"tag-china","17":"tag-china-securities-regulatory-commission","18":"tag-cuda","19":"tag-cyberspace-administration-of-china","20":"tag-eire","21":"tag-huawei-technologies","22":"tag-ie","23":"tag-ireland","24":"tag-kweichow-moutai","25":"tag-moore-threads","26":"tag-nvidia","27":"tag-shanghai","28":"tag-technology","29":"tag-us"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/6940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=6940"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/6940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/6941"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=6940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=6940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=6940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}