Cambricon faces mounting losses, China’s top billionaire confronts perils at the peak

In recent years, Cambricon has been the most notable player in China’s IC industry. Cambrian’s founder and chairman, Tianshi Chen, not only became the richest person from Jiangxi but also surpassed Renrong Yu, the founder of China’s largest IC design company, OmniVision, to become the new-generation chip industry tycoon in China. However, now Chen is facing concerns about capital bubbles and the high risks of market volatility, especially with the company’s ongoing losses, which may make it difficult to sustain the market’s high expectations.

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