Cambricon denies plan to triple chip output — urgent company denial

Key Points

Cambricon denies plan to triple chip output: the company (寒武纪) issued a formal statement on Dec 4, 2025 calling related media reports “misleading and untrue” and warning of legal action against fabricated market-moving claims.
Alleged production target cited in rumors: foreign reports claimed a goal of 500,000 AI accelerators in 2026, including up to 300,000 Sīyuán 思元 590 / 690 chips — a figure Cambricon denies.
Strong recent financials: first three quarters 2025 operating revenue ¥4,607,000,000 (¥46.07亿元) and归母净利润 ¥1,605,000,000 (¥16.05亿元), with a comprehensive gross margin of 55.29%.
Market context: stock code 688256, closed at ¥1,369.00 on Dec 4, 2025, with a year-to-date gain of 108% and reported market value of about ¥577.3 billion.

Quick summary: Cambricon denial, rumor origin, and what investors need to know

Cambricon denies plan to triple chip output in a formal statement after viral reports on December 4, 2025.

The company warned that media and online reports about its products, customers, suppliers, and production forecasts are “misleading and untrue.”

Cambricon (Hánwǔjì 寒武纪) asked investors to rely only on official public disclosures and threatened legal action against anyone who fabricates or spreads false information.

Resume Captain

Your AI Career Toolkit:

AI Resume Optimization
Custom Cover Letters
LinkedIn Profile Boost
Interview Question Prep
Salary Negotiation Agent

Get Started Free

What triggered the denial — production rumor and the foreign reports

Earlier on December 4, several foreign media outlets cited unnamed sources claiming Cambricon planned to increase AI chip production by more than three times in 2026.

The report said the company aimed to deliver 500,000 AI accelerators in 2026, including up to 300,000 Siyuan 590 and 690 chips (Sīyuán 思元 590 / 690).

The same reports framed this alleged scale-up as a move to compete with Huawei (Huáwéi 华为) and to fill gaps from a potential NVIDIA (Yīngwěidá 英伟达) pullback — claims the company now calls false.

Company background — who is Cambricon and why this matters

Cambricon’s full name is Zhongke Cambricon Technology Co., Ltd. (Zhōngkē Hánwǔjì Kējì Gǔfèn Yǒuxiàn Gōngsī 中科寒武纪科技股份有限公司).

The company was founded in 2016 and focuses on R&D of AI chips and related technologies.

Cambricon listed on the Shanghai STAR Market (科创板) in July 2020.

Find Top Talent on China's Leading Networks

Post Across China's Job Sites from $299 / role, or
Hire Our Recruiting Pros from $799 / role

- - - - - - - -

Qualified Candidate Bundles
Lower Hiring Costs by 80%+
Expert Team Since 2014

Get 25% Off
Your First Job Post

Recent financial and market performance (2025 first three quarters)

Operating revenue for the first three quarters of 2025: ¥4,607,000,000 RMB (¥46.07亿元; ≈ $639.6 million USD).

Net profit attributable to parent company (归母净利润) for the first three quarters of 2025: ¥1,605,000,000 RMB (¥16.05亿元; ≈ $223.0 million USD).

Third-quarter revenue: ¥1,727,000,000 RMB (¥17.27亿元; ≈ $239.9 million USD).

Third-quarter net profit: ¥567,000,000 RMB (¥5.67亿元; ≈ $78.8 million USD).

Comprehensive gross margin: 55.29%.

Data-backed insight: profitability and margin context

Cambricon’s first three quarters show a strong absolute net profit versus revenue, indicating a healthy profitability profile for an AI chip maker.

With a comprehensive gross margin of 55.29%, the company is operating with substantial product-level efficiency on the revenues reported.

That margin figure and the reported net profit suggest Cambricon is generating sizable returns on its AI-hardware business while navigating a capital-intensive market.

Stock market snapshot — share price and market cap

On the secondary market, Cambricon (stock code: 688256) has trended higher this year.

As of December 4, 2025, the share closed at ¥1,369.00 per share (¥1,369 RMB; ≈ $190.1 USD).

The company’s year-to-date gain is about 108%.

Latest reported total market value: ¥577.3 billion RMB (¥5773亿元; ≈ $80.18 billion USD).

Investor takeaway — why the denial matters

Cambricon’s formal statement highlights two practical investor lessons.

First, rely on official public disclosures rather than unverified media or social posts when assessing company plans and production forecasts.

Second, the company’s warning about legal action signals it will actively defend against false, market-moving claims.

How investors and founders should react — short checklist

Verify company production and customer news through official filings before acting.
Watch quarterly updates and press releases from Cambricon (Hánwǔjì 寒武纪) for confirmed capacity plans.
Consider margin and net profit data as signs of operational strength when evaluating valuation.
Be cautious about taking trading cues from unnamed-source articles that may be designed to move markets.

What to watch next — signals that would validate a genuine scale-up

Official production targets disclosed by Cambricon in a public filing or investor presentation.
Supply agreements or large-scale orders announced publicly with named enterprise customers.
Evidence of increased manufacturing partnerships or confirmed capacity investments from suppliers.

Final note for investors

When markets move on rumors, a company response like this is a red flag to pause and verify.

Cambricon denies plan to triple chip output — rely on official disclosures and track confirmed operational milestones before pricing in any large production ramp.