寒武纪前高管5万元股权增值到上百亿，却无权落袋？

Core Viewpoint - The article discusses a high-profile lawsuit involving Cambricon, a leading domestic AI chip company, where former CTO Liang Jun is suing for 4.287 billion yuan in compensation, exceeding the company's net profit for the first three quarters of the year [3][4]. Group 1: Lawsuit Details - Liang Jun's lawsuit includes two main requests: to confirm his employment relationship with Cambricon from October 18, 2017, to February 10, 2022, and to claim compensation for stock incentive losses amounting to 4.287 billion yuan [5]. - The basis for the compensation claim is Liang's indirect holding of 11.5232 million shares of Cambricon, valued at 4.287 billion yuan based on the stock's highest price of 372 yuan per share at the time of the lawsuit [5][12]. - Cambricon strongly refutes Liang's claims, stating that he did not directly hold shares before his departure and that his investment in employee stock plans was only 52,600 yuan [10][12]. Group 2: Company Performance - In the first three quarters of 2025, Cambricon reported revenue of 4.607 billion yuan, a nearly 24-fold increase year-on-year, and a net profit of 1.605 billion yuan, marking a turnaround from previous losses [19]. - The company's stock price has surged over 7 times since Liang's departure, closing at 1,375 yuan per share on October 31 [19]. - Cambricon's performance is attributed to the growing demand for AI computing power, with significant deployments in key industries [19]. Group 3: Background and Context - Liang Jun joined Cambricon in 2017 and was a key technical figure, leading the development of the company's first 7nm training chip [3][22]. - After leaving Cambricon, Liang has embarked on a new venture as CEO of Shanghai Fangqing Technology, focusing on distributed computing architecture [23]. - The lawsuit highlights a broader debate in the tech industry regarding talent incentives and contractual obligations, as both parties have differing interpretations of stock incentive agreements [25].