On September 10, 2026, Cambricon Technologies responded to market rumors about domestic chipmakers raising AI processor prices, stating that the company has not issued any price increase announcement and reminding investors not to easily believe market speculation.
The denial comes amid strong financial performance for the Chinese AI chip maker. In the first half of 2026, Cambricon reported revenue of 5.996 billion RMB, up 108.13% year on year, with net profit attributable to shareholders reaching 2.311 billion RMB, up 122.61% year on year.
The company's growth reflects the broader boom in China's domestic AI chip industry, driven by surging demand for computing power as AI applications proliferate. With DeepSeek's V4.1 Flash model launch and the MIIT's computing infrastructure plan targeting 9,800 EFLOPS by 2030, demand for domestic AI processors is expected to continue growing.
Goldman Sachs previously predicted that China's AI model API and subscription revenue will grow from an estimated 35 billion RMB in 2026 to 879 billion RMB by 2030, with daily token consumption increasing approximately 25-fold. The industry competition is shifting from early "price competition" to a comprehensive game of "cost structure plus computing efficiency plus commercialization capability."
Source: Financial News / Eastmoney
