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Cambricon's Shares Soar 765% Amid Huawei's Business Halt

11/18/2025

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Summary

Story summary

Chen Chen, founder of Cambricon Technologies, saw his wealth reach $22.5 billion as Cambricon's shares rose 765% in two years.
Huawei halted business with Cambricon, which relied on Huawei for more than 95% of its revenue.
U.S. export bans on chips for China created a protected market that aided Cambricon.
Cambricon's revenue rose more than 500% in the past year.
Analysts warn the valuation may be inflated without policy backing.

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Story summary

Chen Chen, founder of Cambricon Technologies, saw his wealth reach $22.5 billion as Cambricon's shares rose 765% in two years.
Huawei halted business with Cambricon, which relied on Huawei for more than 95% of its revenue.
U.S. export bans on chips for China created a protected market that aided Cambricon.
Cambricon's revenue rose more than 500% in the past year.
Analysts warn the valuation may be inflated without policy backing.