Express News | Cambricon Technologies Says Funds to Be Used for Projects for Chip, Software Platforms for Large Language Model, Replenishing Capital

ReutersApr 30 08:32 ET

Cambrian (688256.SH): Plans to raise not more than 4.98 billion yuan through a private placement.

On April 30, Gelonghui reported that Cambrian (688256.SH) announced its plan to issue A-shares to specific targets in 2025. The total amount of funds raised from this issuance will not exceed 4.98 billion yuan (including the principal), and the net amount after deducting issuance costs is intended to be invested in the following projects: chip platform projects for large models, software platform projects for large models, and to supplement working capital.

Gelonghui FinanceApr 30 08:30 ET

Express News | Cambricon Technologies Says It Plans to Raise up to 5 Bln Yuan via a-Share Private Placement

ReutersApr 30 08:25 ET

Shareholders Shouldn't Be Too Comfortable With Cambricon Technologies' (SHSE:688256) Strong Earnings

Simply Wall StApr 26 20:46 ET

Semiconductor Surge: How Sustainable Is the Rally?

Analysts NotebookApr 25 07:45 ET

Cambricon Technologies Corporation Limited's (SHSE:688256) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Simply Wall StApr 22 20:21 ET