Bloomberg: Cambricon plans to increase its AI chip production by more than 3 times by 2026, aiming to seize market share in China from Huawei and fill the gap left by Nvidia's forced exit. Sources say Cambricon plans to deliver 500,000 chips next year, with over 300,000 of its most advanced Siyuan 590 and 690 chips, primarily using SMIC's latest "N+2" 7nm process. #Market Cambricon surged over 2%, SMIC rose 2.6%.
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