TechFlow news, on June 18, Cambricon’s stock price surged over 16% during trading hours, hitting a new all-time high; its intraday market capitalization reached RMB 965.6 billion, approaching the RMB 1 trillion mark.
On the news front, recent reports indicate that domestic internet companies are procuring domestically produced computing power. Industry insiders stated that ByteDance is in discussions with TianShu Intelligent Chips (09903.HK) to purchase at least 50,000 AI chips, primarily for inference tasks; Huawei and Cambricon are also ByteDance’s suppliers. Additionally, internal Cambricon meeting minutes have recently circulated online. According to these minutes, Cambricon’s two main chip models supplied to ByteDance are the MLU580 and MLU690. Deliveries of 120,000–160,000 MLU580 units are expected to be completed in Q2 this year, while MLU690 deliveries are anticipated in the second half of the year.
Regarding the above-mentioned meeting minutes, Cambricon’s securities affairs representative stated that the document is an unverified “online essay” circulating on the internet; investors are advised to exercise caution and rely solely on official announcements. Cambricon has not hosted any internal exchange events recently. (Yicai)
