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China’s Nvidia challenger Cambricon to raise US$560 million for AI chip work
scmp.com/tech/big-tech/article/3322203/chinas-nvidia-challenger-cambricon-raise-us560-million-ai-chip-development
Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4 billion yuan (US$560 million) for AI chip development, boosting its standing in the country’s tech self-sufficiency drive.
In a statement on the weekend, Cambricon…
This story appeared on scmp.com, 2025-08-18 07:33:52.