Cambricon denies triple-production rumor

Key Points

Cambricon denies triple-production rumor and pushed an urgent public statement on December 4, 2025 to correct market chatter.

What happened — rumors, media reports, and investor noise

On the evening of December 4, 2025, Cambricon (Hánwǔjì 寒武纪) issued an urgent public statement denying recent media and online reports that claimed the company planned to increase next year’s AI chip production by more than three times.

The reports cited unnamed “insiders” and appeared across social and foreign media channels.

The rumors said Cambricon would aim to capture market share from Huawei (Huáwéi 华为) and fill gaps left by NVIDIA (Yīngwéidá 英伟达) after its constrained presence in certain markets.

Company response — official stance and legal warning

Cambricon said it had noticed coverage and online dissemination of information about its products, customers, suppliers, and production‑capacity forecasts, and that those items were misleading and untrue.

The company reminded investors that only information formally disclosed by Cambricon should be relied upon.

Cambricon also asked investors to be cautious about unverified sources and said it reserves the right to pursue legal action against parties who fabricate or spread false information.

Context: the earlier report — what the rumor claimed

The earlier reports referenced unnamed sources claiming Cambricon planned a dramatic capacity expansion—reportedly more than a threefold increase in chip output in the coming year.

The story said Cambricon intended to deliver 500,000 AI accelerators in 2026, including up to 300,000 units of its top SoCs, the Siyuan 590 and 690 chips.

Cambricon’s statement did not confirm those numbers and instead characterized the circulated claims as inaccurate.

Company background and recent performance — growth, products, and listing

Cambricon Technologies Co., Ltd. (Zhōngkē Hánwǔjì Kējì Gǔfèn Yǒuxiàn Gōngsī 中科寒武纪科技股份有限公司), commonly known in English as Cambricon (Hánwǔjì 寒武纪), was founded in 2016 and focuses on R&D and innovation in AI chips and processors.

The company listed on the Shanghai Science and Technology Innovation Board (STAR Market) in July 2020.

With rising demand for AI compute, Cambricon reported explosive year‑over‑year growth through the first three quarters of 2025:

• Revenue for the first nine months of 2025: ¥4.607 billion RMB ($639.3 million USD).
• Net profit attributable to shareholders for the same period: ¥1.605 billion RMB ($222.9 million USD).
• Reported year‑over‑year growth rates: revenue +2,386.38% and net profit +321.49%.

For the third quarter of 2025 specifically, Cambricon reported:

• Quarterly revenue: ¥1.727 billion RMB ($239.9 million USD).
• Quarterly net profit: ¥567 million RMB ($78.8 million USD).

Note: RMB→USD conversions above use a representative rate of ¥7.20 per $1 USD; figures are rounded to three significant digits.

Market reaction — shares, valuation, and sentiment

On the secondary market, Cambricon’s Shanghai‑listed shares (ticker 688256) traded higher across 2025.

As of December 4, the stock closed at ¥1,369 per share ($190.1 USD).

The year‑to‑date price increase was reported at approximately +108%.

The total market capitalization was reported at about ¥577.3 billion RMB ($80.2 billion USD).

Why this matters — implications for supply chain, partners, and investors

Rumors about large capacity expansions can move supply‑chain expectations, supplier negotiations, and investor sentiment—particularly in the fast‑growing AI chip sector.

Cambricon’s public denial underscores two points for market participants.

• Rely on formal company disclosures such as regulatory filings and official press releases when assessing capacity and sales projections.
• Unverified “insider” reports can be inaccurate or intentionally misleading; firms may take legal action where false information harms market order or company reputation.

Practical signals investors and founders should watch — what to monitor next

• Official filings and press releases: the first place to validate capacity or shipment claims.
• Partner and supplier disclosures: corroborating statements from customers like Huawei (Huáwéi 华为) or component suppliers can confirm order flow.
• Shipment volumes and logistics data: real-world shipping patterns are often the earliest hard signal of capacity increases.
• Channel inventory and ASP trends: sudden shifts in average selling prices or distributor inventory can indicate demand or supply surprises.
• Regulatory announcements and export controls: changes affecting NVIDIA (Yīngwéidá 英伟达) or other foreign suppliers can reshape local demand dynamics.

Takeaway — short and actionable

Cambricon’s immediate rebuttal aims to halt circulation of unverified production estimates and to protect investor confidence.

For analysts and investors tracking AI chip supply dynamics—especially in relation to NVIDIA (Yīngwéidá 英伟达) and major local customers such as Huawei (Huáwéi 华为)—the next step is to wait for formal disclosures from Cambricon or corroborating, traceable information from partners and suppliers.

References

• Shenzhen Business Daily (Shenzhen Shangbao) – 深圳商报·读创
• “Cambricon denies triple‑production rumor” – Eastmoney Finance
• Cambricon official site – Cambricon

Cambricon denies triple-production rumor