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DISPATCH 04/26 · 16 Oct 2026
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Company Dossier

Cambricon

Cambricon Technologies is a Beijing-based, partly state-owned fabless designer of AI accelerator chips positioned as China's leading domestic alternative to Nvidia, blacklisted by Washington in December 2022 for allegedly supporting Chinese military modernization.

Cambricon
FIG.01 · DISPATCH Illustration. Generated key image, not a photo of the event.
FILE · cambriconOpen-source file · BattlePolicy ProStatus Public (Shanghai STAR Market: 688256) + US Entity List (Dec 15, 2022, Footnote 4 foreign-direct-product designation).Unverified
Cambricon
Semiconductors / AI computeCNPublic (Shanghai STAR Market: 688256) + US Entity List (Dec 15, 2022, Footnote 4 foreign-direct-product designation).
Cambricon Technologies is a Beijing-based, partly state-owned fabless designer of AI accelerator chips positioned as China's leading domestic alternative to Nvidia, blacklisted by Washington in December 2022 for allegedly supporting Chinese military modernization.
Founded
2016
HQ
Beijing, China
Headcount
~9802024
Total raised
~$369M STAR Market IPO (2020); ~$100M Series A2017
Valuation
~$90B peak market capAug 2025
Stage
PublicSTAR Market
Restricted · BattlePolicy Pro

The rest of the Cambricon file

  • ▸Background — founding, ownership and how the company got to here
  • ▸Financial footing — rounds, valuation, backers and who is exposed
  • ▸Customers & contracts — live join against our Procurement Tracker
  • ▸Leadership — who runs it, and the contact surface
  • ▸Competitive position — who it beats, who beats it, and on what
  • ▸Battlefield relevance — confirmed combat use versus company claim
  • ▸Sources — every citation this file is built on
  • ▸Analyst verdict — where the evidence is thin and what would change our call
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