{"id":6452,"date":"2025-10-24T10:03:00","date_gmt":"2025-10-24T10:03:00","guid":{"rendered":"https:\/\/friscotimes.org\/?p=6452"},"modified":"2025-10-24T13:44:09","modified_gmt":"2025-10-24T13:44:09","slug":"cambricon-a-k-a-chinas-nvidia-says-revenue-spiked-14-fold-last-quarter-the-ensuing-stock-frenzy-made-its-ceo-one-of-the-worlds-richest-people","status":"publish","type":"post","link":"https:\/\/friscotimes.org\/?p=6452","title":{"rendered":"Cambricon a.k.a. ‘China’s Nvidia’ says revenue spiked 14-fold last quarter. The ensuing stock frenzy made its CEO one of the world’s richest people"},"content":{"rendered":"\n
\n

Chen Tianshi, the 40-year-old founder and CEO of Beijing-based Cambricon Technologies, is now one of the 100 richest people<\/a> in the world after his AI chip company, known in retail trading circles as \u201cChina\u2019s Nvidia,\u201d posted a monster third-quarter earnings report last week, including most notably a 14-fold jump in quarterly revenue. It reported<\/a> a net profit of $79.6 million (567 million yuan), compared to a net loss of $27.2 million (194 million yuan) a year ago\u2014 a 1,332% jump.\u200b<\/p>\n

\n

As you might imagine, these explosive results have been a powder keg for Cambricon\u2019s stock, which was up 15% through Wednesday, while also ballooning Chen\u2019s net worth by about $2.4 billion. The Cambricon CEO is now worth about $24.1 billion, up from from $21.7 billion last week, according to data compiled by Bloomberg<\/em> and Forbes<\/em><\/a>. He is now No. 94 on the list of 100 richest people in the world.\u200b<\/p>\n

Cambricon\u2019s tear is pretty indicative of China\u2019s efforts to develop domestic alternatives to American semiconductors, given the escalating trade restrictions. Since 2022, the U.S. has banned exports of advanced AI chips<\/a>\u2014including Nvidia\u2019s A100, H100, and H200\u2014to China. But while Nvidia was able to get approval<\/a> to sell its lower-performance H20 chip designed specifically for the Chinese market, Beijing has raised security concerns and advised domestic companies to reduce their reliance on Nvidia products which, you might imagine, has created opportunities for Chinese chipmakers.<\/p>\n

As Bloomberg<\/em>\u2018s Rachel Yeo<\/a> put it, Cambricon\u2019s recent success is \u201cone of the starkest signs yet of how China\u2019s chipmakers are benefiting from a national drive to replace restricted Nvidia Corp. gear during a domestic AI development boom.\u201d\u200b<\/p>\n

Family business<\/h3>\n

Tianshi and his older brother Chen Yunji founded Cambricon<\/a> in 2016 as a spinoff from the Chinese Academy of Sciences, where both worked as researchers. The brothers were students in an elite program for gifted youth at the University of Science and Technology of China. Tianshi earned his bachelor\u2019s degree in mathematics in 2005 and his doctorate in computer science in 2010, all before age 25.\u200b<\/p>\n

Cambricon went public on Shanghai\u2019s STAR Market in July 2020, with shares surging 230%<\/a> on its debut. After seven consecutive years of annual losses through 2023, Cambricon achieved its first quarterly profit in late 2024.\u200b<\/p>\n

Cambricon supplies AI chips to the biggest Chinese tech companies, including Alibaba, Tencent, and Baidu.\u200b In terms of competition, though, Huawei is the alpha dog in Chinese AI chips<\/a>, shipping between 300,000 and 400,000 of its Ascend AI chips last year, compared to just north of 10,000 units from Cambricon. However, analysts say Cambricon has the potential<\/a> to deliver 80,000 units through the rest of 2025 and potentially double that in 2026.\u200b<\/p>\n

But success won\u2019t come easy: Cambricon was added to the U.S. Entity List<\/a> in December 2022, restricting its access to American technology and advanced manufacturing processes. The company also faces production constraints and low chip yields<\/a>, with analysts noting that its full-year capacity may not be sufficient to meet demand from even a single large client.\u200b The company also issued a risk warning<\/a> to investors in August, acknowledging its share price was significantly outpacing industry peers and its valuation may have diverged from current fundamentals.\u200b\n<\/p>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Chen Tianshi, the 40-year-old founder and CEO of Beijing-based Cambricon Technologies, is now one of the 100 richest people in the world after his AI chip company, known in retail…<\/p>\n","protected":false},"author":590,"featured_media":6453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[6],"tags":[7606,7604,7603,111,3698,7608,7609,292,88,7607,1660,4934,7605,293,3916],"jetpack_publicize_connections":[],"yoast_head":"\nCambricon a.k.a. 'China's Nvidia' says revenue spiked 14-fold last quarter. 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