Chinese artificial intelligence (AI) semiconductor company Cambrian (Hanwuj, 寒武紀) has projected that it will achieve revenue of 13 trillion won by 2028.
Cambrian announced its stock option plan through a disclosure on the Shanghai Stock Exchange, revealing its revenue forecast, according to Chinese IT media outlet Kuai Ke Ji on July 30.
In the disclosure, Cambrian stated that its revenue for this year is expected to reach at least 13.5 billion yuan, more than double last year's revenue of 6.5 billion yuan. Cambrian's revenue last year surged by 453.2% compared to the previous year. The company also recorded a net profit of 2 billion yuan last year, marking its first profitable year since its establishment.
Cambrian further indicated that its revenue for next year is projected to be at least 27 billion yuan, and it aims to reach 59.5 billion yuan (approximately 13 trillion won) by 2028. This suggests that Cambrian anticipates maintaining an annual growth rate of over 100% until 2028.
Cambrian is recognized as a leading AI semiconductor fabless company in China. The two main companies shipping GPUs in large quantities in China are Huawei's subsidiary HiSilicon and Cambrian. With NVIDIA's AI chips not being sold in China, Cambrian, along with Huawei, is filling the gap left by NVIDIA.
Founded in 2016 in Beijing, Cambrian was established by brothers Chen Tianshi and Chen Yunzhai, both of whom are researchers in computer architecture from the Chinese Academy of Sciences. Notably, Chen Tianshi is regarded as a key figure in China's AI chip sector due to his research on AI-specific instruction sets and processor architecture.
* This article has been translated by AI.
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