Chinese chip designer whose processors support DeepSeek's eight-bit numbering format for AI inference. Shares in the company surged after DeepSeek announced the format in August 2025. Its share price jumped by more than 120% in 2025. Along with Huawei and Moore Threads, Cambricon is part of a group of domestic chip suppliers that Bernstein, a broker, estimates will capture 60% of China's $26bn-worth of spending on AI chips in 2025—a sharp reversal from a few years ago, when American firms, chiefly Nvidia, accounted for over 80% of sales.
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