Chinese AI chip giant Cambricon sets US$14.8b revenue goal tied to staff incentive plan
Initiative reflects push to retain core talent amid intensifying competition to develop and commercialise domestic AI chips
The goal marked a nearly 20-fold increase from its previous plan set three years ago, which aimed for 4.6 billion yuan in cumulative revenue from 2024 to 2026.
The Shanghai-listed company said on Tuesday that it planned to grant 5 million restricted shares – equal to 0.8 per cent of the company’s total share capital – at a grant price of 750 yuan per share, according to stock exchange filings. Cambricon shares traded at 1,146.90 yuan as of market close on Wednesday.
The initiative covers more than 85 per cent of its 1,107-person workforce as of the end of 2025. Eligible staff included board directors, senior executives and core technical personnel, alongside mid-level managers, Cambricon said.
It set a target of more than 13.5 billion yuan in revenue for 2026 alone, and 40.5 billion yuan for 2026 and 2027 combined. Shares would be granted to employees upon meeting these milestones, alongside the broader three‑year goal.