Editing by Greg Gao

Cambricon, one of China’s leading AI chip companies, released the first half-year financial report for 2021 and showed an operating income of RMB138 million($21.3 million), a year-on-year increase of 58.1%. Still, its net loss was RMB392 million($60.5 million).

The company said on August 11 that its operating income increase was mainly due to the large-scale application and implementation of edge smart chips and accelerator cards in the first half of the year. The loss increase compared with last year was mainly due to more costs in mapping out more technologies in cloud computing, edge computing, product line expansion, increased R&D, and hiring of more talents.

(Source: the Internet)

The company’s R&D spending increased by RMB138 million($21.3 million) over the same period last year, along with the increased stock option incentive expenses of RMB76.85 million($11.86 million).

Since its establishment, Cambricon has focused on core AI processors used in cloud servers, edge computing equipment, and terminal devices.

Cambricon has independently developed four generations of intelligent processors on its architecture. In the first half of this year, the company obtained 59 new patents in this field, totaling 184, including 33 ones overseas.

The company also has four generations of complete processor instruction sets, and patents in this area increased by 50, bringing the total to 90, including 13 foreign patents, in the first half of 2021.