# Cambricon Technologies Corp.’s first-quarter sales more than doubled.

*semiconductor · news · 2026-04-29 · Bloomberg*

## Key points

- Cambricon Technologies' first-quarter revenue more than doubled to 2.88 billion yuan year-over-year.
- The company's net income surged to 1.01 billion yuan from 356 million yuan a year ago.
- Beijing's focus on tech self-sufficiency is driving increased domestic demand for Cambricon's chips.
- These financial results were disclosed in a Shanghai Stock Exchange filing.

Chinese AI chipmaker Cambricon Technologies Corp.’s first-quarter sales more than doubled, as Beijing’s push for self-sufficiency in critical technologies including semiconductors has fueled local demand for its products. Revenue rose to 2.88 billion yuan ($421 million) in the January-to-March period, compared to 1.11 billion yuan a year ago, according to a filing to the Shanghai Stock Exchange. Net income soared to 1.01 billion yuan in the first quarter of this year, from 356 million yuan in the same period a year ago.

**Companies:** Cambricon Technologies Corp.
**Countries:** China

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-04-29/cambricon-s-revenue-jumps-on-strong-ai-chip-demand-in-china)

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