Cambricon Technologies

[2][4][6] On 20 July 2020, Cambricon held its initial public offering (IPO) becoming a listed company on the Shanghai Stock Exchange STAR Market.

[7] In July 2023, Cambricon laid off half its workers at its autonomous car chip unit SingGo due to cost cutting measures.

[7] In September 2023, it was reported that early investors including SDIC Venture Capital Management, China Merchants Bank and Alibaba Group had sold all their shares in Cambricon.

Cambricon attributed the loses to increased investment in research and development to upgrade its products so they can remain competitive.

[4] In September 2024, Cambricon shares soared hitting the 20% daily limit after it was reported that the Chinese government was stepping up pressure on domestic companies to ditch Nvidia processors for local alternatives.