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Miroslav Trinko Geek, specialty programmer, but journalist by profession. Rider, tennis player and fan of Formula-1. I write about technologies, smartphones and electric vehicles.
The company has increased by more than 4000% in the annual dimension – up to 2.88 billion yuan ($ 402.7 million), and net profit reached 1.04 billion yuan ($ 145 million). Against the background of this Cambricon share, they have more than doubled, increasing the company’s market capitalization to about $ 80 billion, according to S&P Capital IQ.
Cambricon is one of a number of Chinese companies trying to become an alternative Nvidia in the field of artificial intelligence. Demand for local development is increasing against the background of disconnecting from American technologies. Earlier this year Nvidia They were banned from selling their cut H20 chip. Although exports have been partially restored, the company should give 15% of revenues from sales in China, the US government, while Beijing, according to reports, refuses local firms from the purchase of these processors.
Despite the Cambricon breakthrough, experts note that Chinese manufacturers’ technologies are still significantly behind in development Nvidia. The strong positions of the American giant are explained not only by hardware but also by software tools that developers are used to.
By the way, Nvidia has recently presented Shi-Chip B30 and asks for permission in the US for its export to China.
”, – WRITE: mezha.media
Miroslav Trinko Geek, specialty programmer, but journalist by profession. Rider, tennis player and fan of Formula-1. I write about technologies, smartphones and electric vehicles.
The company has increased by more than 4000% in the annual dimension – up to 2.88 billion yuan ($ 402.7 million), and net profit reached 1.04 billion yuan ($ 145 million). Against the background of this Cambricon share, they have more than doubled, increasing the company’s market capitalization to about $ 80 billion, according to S&P Capital IQ.
Cambricon is one of a number of Chinese companies trying to become an alternative Nvidia in the field of artificial intelligence. Demand for local development is increasing against the background of disconnecting from American technologies. Earlier this year Nvidia They were banned from selling their cut H20 chip. Although exports have been partially restored, the company should give 15% of revenues from sales in China, the US government, while Beijing, according to reports, refuses local firms from the purchase of these processors.
Despite the Cambricon breakthrough, experts note that Chinese manufacturers’ technologies are still significantly behind in development Nvidia. The strong positions of the American giant are explained not only by hardware but also by software tools that developers are used to.
By the way, Nvidia has recently presented Shi-Chip B30 and asks for permission in the US for its export to China.