Beijing-based artificial intelligence enterprise Cambricon disclosed its plan for increasing private placement, intending to issue shares to specific targets raising capital with a total of 2.65 billion yuan ($395.1 million).
AI computer chip technology company Cambricon on February 25 released its 2021 annual performance report, showing revenue of 721 million yuan ($114.3 million) during the period.
AI chip company Cambricon released their performance report for the first half of this year. During the period, the company’s revenue reached 87.2 million yuan, a year-on-year decrease of 11.01%.
Beijing-based AI chipmaker Cambricon was officially listed on the Sci-Tech Innovation Board on July 20, 2020, with an issue price of 64.39 yuan per share, a 288% increase at the opening.