Cambricon Technologies Corporation Limited (“Cambricon” or the “Company”, Stock Code: 688256.SH) was successfully listed on STAR Market of SSE on July 20th, 2020. China International Capital Corporation (“CICC”) acted as the Joint Lead Underwriter of this transaction.

This transaction is the first A-Share IPO of an AI chip design company, the second largest A-share IPO of the IC design industry, and the largest A-Share IPO of a company with no profit in the semiconductor industry. Cambricon’s IPO, highlighting STAR Market’s goal of serving the science and technological innovation industry, is one of the major achievements in promoting the reform of the Chinese capital market.

Cambricon was established on March 15, 2016, focusing on AI chip R&D and technological innovations. It is committed to manufacturing the core processor chips in the field of artificial intelligence to enable machines to better comprehend and serve humans. Cambricon mainly engages in R&D, production and sales of AI chips applied to all kinds of cloud servers, edge computing devices and terminal devices, providing a wide range of chip products as well as systematic software solutions to its clients. Cambricon’s main matrix products include terminal intelligent processor IP, cloud intelligent chip and its accelerator card, edge intelligent chip and its accelerator card, and system software platforms supporting the products above. The core team members of Cambricon have been profoundly engaged in the fields of processor chip and AI for more than ten years, which has led the company to develop a series of key independent and innovative technologies, such as intelligent processor instruction set and microarchitecture. Through its constant accumulation of R&D achievements, Cambricon’s products have earned a wide recognition within the industry, and have been extensively applied in numerous scenarios of consumer electronics, data center, cloud computing, etc.

The Company’s IPO is one of several semiconductor industry IPO projects that CICC has participated in. CICC actively participated in the whole execution process. Taking advantages of its industry group’s rich experience in working with semiconductor companies, CICC conducted deep researches and fully elaborated the company's investment highlights. CICC mobilized resources of the whole company, and helped Cambricon arrange multiple in-depth communications to fully demonstrate the investment value to major investors of the industry. It also introduced important strategic investors to Cambricon, ensuring a solid foundation for a market-oriented pricing and a successful offering.

As the leading investment bank in China with “Chinese Roots and International Reach”, insisting on “By the People and For the Nation”, CICC has been committed to providing high quality, value-added financial services for our clients. CICC will continue to utilize its capital market expertise as well as its seamless cooperation of onshore and offshore businesses to provide first-class financial services for our clients, and help our clients achieve their goals of strategic developments.