Cambricon’s recent fundraising round has been completed. More than 65 million yuan was left over to supplement liquidity, and 1.6 billion yuan was invested in advanced process technology and AI chip R&D—strengthening China’s domestic computing power foundation by another layer. Now we’ll wait for the next rollout.

CoinWorld News, Cambrian announced that the company's 2022 issuance of A-shares to specific targets for fundraising projects has been completed, with a remaining amount of 65.4917 million yuan in raised funds permanently added to working capital. The total amount of funds raised was 1.67B yuan, with a net amount of 1.65B yuan, which has been used for advanced process platform chip projects, stable process platform chip projects, and general-purpose intelligent processor technology research and development projects. The adjusted permanent supplement to working capital is 250 million yuan.