Chinese chipmaker Cambricon's revenue surged 500%+ in the past year and its stock jumped 765%+ in two years, as China pushes local chips amid US sanctions (Bloomberg)
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Chinese chipmaker Cambricon has reported a staggering revenue increase of over 500% in the past year, alongside a stock price surge of more than 765% over two years. This growth is attributed to China's push for local chip production in response to US sanctions. The company's rapid ascent has positioned its founder, Chen Tianshi, among the wealthiest individuals globally, reflecting a significant shift in the semiconductor industry amid geopolitical tensions.
— via World Pulse Now AI Editorial System
