Cambricon Chairman Denies Million-Chip Shipment Rumors Amid Strong Financials
Cambricon Chairman and General Manager Chen Tianshi responded to market rumors regarding shipping over one million chips next year, stating that the company has never communicated such figures. He emphasized that official announcements on the Shanghai Stock Exchange website are the only valid channels for company information. This clarification helps manage investor expectations and counters misinformation regarding the domestic AI chip supplier's production targets. It also coincides with the company's disclosure of significant revenue and net profit growth for the first three quarters. According to financial reports, Cambricon recorded a cumulative revenue of 9.526 billion yuan with a year-on-year increase of 106.76% for the first three quarters. During the same period, the net profit attributable to shareholders reached 3.715 billion yuan, marking a 131.49% increase compared to the previous year.
## BACKGROUND
Cambricon is a prominent Chinese supplier of artificial intelligence computing chips, focusing on the research and market development of cloud inference chips, edge chips, and training accelerators. The company operates in the domestic semiconductor sector, targeting high-demand AI computing scenarios.