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5000亿元市值的寒武纪背后,是一对中国的天才兄弟?
36氪·2025-08-29 11:00

Core Viewpoint - The article discusses the rise of Cambrian, a company specializing in AI chips, which has recently surpassed Moutai to become the "king" of A-shares, highlighting its rapid growth and technological advancements in the AI chip sector [2][3]. Group 1: Company Background - Cambrian was founded in 2016 by two talented brothers from Nanchang, Jiangxi, focusing on AI chip development [4][6]. - The brothers, Chen Yunji and Chen Tian Shi, have impressive academic backgrounds, with both achieving significant milestones in their education and research [6][9]. - The idea to develop AI-specific chips emerged in 2010, during a time when AI technology was not widely recognized [9]. Group 2: Technological Development - Cambrian developed the world's first deep learning-specific processor prototype within five years, showcasing its commitment to innovation [10]. - The company gained significant recognition in 2017 when Huawei's AI phone chip, Kirin 970, utilized Cambrian's 1A processor, marking a pivotal moment in its growth [16]. Group 3: Financial Performance - Cambrian's valuation skyrocketed from $100 million in 2017 to over $1 billion in 2018, and by July 2020, its market capitalization exceeded 100 billion RMB upon listing on the STAR Market [17]. - Despite facing a prolonged downturn post-IPO due to competition and internal challenges, Cambrian decided to focus on independent chip product development, leading to substantial net losses over four consecutive years [21]. - The company finally achieved profitability in Q4 of the previous year, with a staggering 43-fold increase in revenue in the first half of this year compared to the same period last year [23]. Group 4: Recent Developments - The launch of the Si Yuan 590 chip in 2024, which is comparable in performance to NVIDIA's A100, positions Cambrian favorably in the domestic AI chip market [22]. - Cambrian's financial report for the first half of the year shows significant growth, with total revenue reaching approximately 2.88 billion RMB, a 4,347.82% increase year-on-year [24]. - The company's net profit attributable to shareholders was over 1 billion RMB, marking a significant turnaround from previous losses [24].