Cambricon Denies Report That It Will Triple Chip Output Next Year

Key Points

Official denial: Cambricon (Hanwuji 寒武纪) issued a formal rebuttal calling the reports “false and misleading,” warned the public to rely on publicly disclosed information and said it reserves the right to pursue legal action.
Claims disputed: Media sources alleged a plan to more than triple production next year, deliver 500,000 AI accelerators in 2026, including up to 300,000 Siyuan 思元590 / 思元690 units — Cambricon says these figures are inaccurate.
Recent financials as anchors: For the first three quarters of 2025 Cambricon reported revenue ¥46.07亿元, net profit ¥16.05亿元, and a 55.29% gross margin; Q3 revenue was ¥17.27亿元 and Q3 net profit ¥5.67亿元, with three quarters > ¥10亿元 and four consecutive profitable quarters.
Market context & guidance: The stock is up about 108% YTD, trading at ¥1,369 with market cap ~¥5,773亿元; investors are advised to verify anonymous claims, rely on filings/press releases, and use the company’s financials as baseline signals.

Cambricon (Hanwuji 寒武纪) denies report that it will triple chip output next year.

Quick take:

Cambricon (Hanwuji 寒武纪) issued a formal rebuttal on the evening of December 4 that called recent media and online claims “false and misleading to the market.”

The company’s statement pushed back on reports about its products, customers, suppliers, and production forecasts.

Investors, founders, and builders watching Chinese AI chip news should treat unverified leaks with caution.

What Cambricon said — official rebuttal, legal warning, investor guidance

Cambricon (Hanwuji 寒武纪) warned investors to rely only on the company’s publicly disclosed information.

The company asked the public not to spread or accept unconfirmed reports.

Cambricon said it reserves the right to pursue legal action against anyone who fabricates or disseminates false information.

Takeaway: when a fast-growing chip company flags something as false, markets can still react before the facts settle.

The report that triggered the rebuttal — production claims and specific chip models

Earlier on December 4, foreign media outlets — citing unnamed sources — reported that Cambricon planned to increase AI chip production by more than three times next year.

The report said the move was to compete with Huawei (Huawei 华为) and to fill gaps allegedly left by NVIDIA (Yingweida 英伟达)’s retreat.

The same report attributed to those sources a plan to deliver 500,000 AI accelerators in 2026.

It also specified up to 300,000 units of Cambricon’s Siyuan 590 and 690 chips (Siyuan 思元590 / 思元690).

Cambricon says that information is inaccurate.

Company background — who Cambricon is and where it sits in China’s AI chip scene

Cambricon Technologies (Zhongke Hanwuji Keji Gufen Youxian Gongsi 中科寒武纪科技股份有限公司) was founded in 2016.

The company focuses on R&D and innovation of artificial-intelligence chips.

Cambricon aims to develop core processor chips for AI workloads.

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

Recent financials (first three quarters of 2025) — growth metrics to note

Cambricon reported rapid growth in 2025 as AI compute demand expanded.

Revenue for the first three quarters: ¥46.07亿元 RMB (≈ $639.9 million USD).
Net profit attributable to shareholders (same period): ¥16.05亿元 RMB (≈ $222.9 million USD).
Comprehensive gross margin: 55.29%.
Third-quarter revenue: ¥17.27亿元 RMB (≈ $239.9 million USD), marking three consecutive quarters with revenue above ¥10亿元.
Third-quarter net profit: ¥5.67亿元 RMB (≈ $78.8 million USD), continuing a four-quarter streak of profitability.

Note: USD conversions above are approximate, calculated using ¥7.20 = $1 USD (rate used for presentation purposes on 2025-12-05).

Market reaction — shares, volatility, and market cap

On the A-share market, Cambricon (stock code 688256) has been volatile but trended higher this year.

As of the close on December 4, the share price was ¥1,369 per share (≈ $190.14 USD).

The stock was up 2.75% for the day and about 108% year-to-date.

The company’s latest reported market capitalization stood at ¥5,773亿元 RMB (≈ $80.18 billion USD).

Why this matters: a high market cap + substantial recent gains can make a stock especially sensitive to rumors and leaks.

What investors should do — practical, short checklist for news-driven volatility

Cambricon’s statement highlights a common risk in fast-moving tech and capital markets.

Unconfirmed leaks or secondhand reports can move sentiment and stock prices before facts are available.

Rely on official disclosures: use company filings, press releases, and regulatory announcements for material info.
Verify anonymous claims: cross-check with multiple reputable outlets or the company directly.
Watch market context: traders often react quickly; think about whether moves are news-driven or fundamentals-driven.
Use the financials as anchors: Cambricon’s three quarters with revenue > ¥10亿元 and four quarters of profitability are useful baseline signals.

Short, practical due-diligence steps reduce the risk of trading on noise.

Key terms and search-friendly phrases

Use these SEO-friendly keywords and LSIs when researching:

Cambricon (Hanwuji 寒武纪)
AI chips
AI accelerators
Siyuan 思元590 / 思元690
NVIDIA (Yingweida 英伟达)
Huawei (Huawei 华为)
STAR Market (科创板)
A-share market
market capitalization
investor due diligence

Final note