Chinese AI chip giant Cambricon sets US$14.8b revenue goal tied to staff incentive plan

Chinese AI chip giant Cambricon Technologies has set a revenue target of more than 100 billion yuan (US$14.8 billion) over the next three years as a prerequisite for a new employee stock incentive plan, a nearly 20-fold increase from its previous goal of 4.6 billion yuan for 2024-2026. The Shanghai-listed company plans to grant 5 million restricted shares to over 85% of its 1,107-person workforce, aiming to retain core talent amid intensifying competition to develop domestic AI chips that can replace Nvidia's designs.

Chinese AI chip giant Cambricon sets US$14.8b revenue goal tied to staff incentive plan Initiative reflects push to retain core talent amid intensifying competition to develop and commercialise domestic AI chips Ann Cao /author/ann-cao in Shanghai Cambricon Technologies https://www.scmp.com/tech/article/3358322/huawei-and-cambricon-lead-chinas-ai-server-chip-surge-piling-pressure-nvidia?module=inline&pgtype=article has set a target of more than 100 billion yuan US$14.8 billion in revenue over the next three years as the prerequisite for a newly proposed employee stock incentive plan. The goal marked a nearly 20-fold increase from its previous plan set three years ago, which aimed for 4.6 billion yuan in cumulative revenue from 2024 to 2026. domestic AI chipmakers https://www.scmp.com/tech/tech-trends/article/3362002/profits-chinas-chipmaking-sector-soar-2500-first-half-amid-ai-boom?module=inline&pgtype=article are riding a historic market rally, driven by surging demand for computing power and a pivot towards a localised semiconductor supply chain. The Shanghai-listed company said on Tuesday that it planned to grant 5 million restricted shares – equal to 0.8 per cent of the company’s total share capital – at a grant price of 750 yuan per share, according to stock exchange filings. Cambricon shares traded at 1,100 yuan as of noon on Wednesday. The initiative covers more than 85 per cent of its 1,107-person workforce as of the end of 2025. Eligible staff included board directors, senior executives and core technical personnel, alongside mid-level managers, Cambricon said. It set a target of more than 13.5 billion yuan in revenue for 2026 alone, and 40.5 billion yuan for 2026 and 2027 combined. Shares would be granted to employees upon meeting these milestones, alongside the broader three‑year goal. efforts to retain core talent https://www.scmp.com/economy/china-economy/article/3361747/job-fears-changing-world-make-ai-hot-subject-chinas-vocational-schools?module=inline&pgtype=article amid an intensifying competition to develop and commercialise domestic AI chips that can replace those designed by US giant Nvidia.