Wednesday 24 June 2020

Cambricon, once Huawei's core AI chip supplier, eyes $400M IPO

Cambricon, once Huawei's core AI chip supplier, eyes $400M IPOOne of China's most valuable artificial intelligence chipmakers Cambricon is one step closer to its initial public offering, and its prospectus reveals a rare snapshot of where Chinese companies stand in relation to their international counterparts in this critical field. Cambricon got the nod in early June to list on the Star Market, China's new Nasdaq-like stock exchange conceived to attract high-potential tech startups. This week, the chipmaker received the final green light from the China Securities Regulatory Commission, the stock market watchdog, for its first-time sale.




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