Chinese Academy of Sciences and its VC subsidiary TCL Capital are in line to exit the artificial intelligence chip producer, which was valued at $2.5bn as of 2018.
Cambricon Technologies, a China-based artificial intelligence processor spinout of Chinese Academy of Sciences, has filed to float on Shanghai Stock Exchange’s Star Market.
Founded in 2016, Cambricon designs, develops and produces processor chips for use in smart cloud servers, computer terminals and robotics systems. It was spun out of Chinese Academy of Sciences’ Institute of Computing Technology.
The company initially raised an eight-figure renminbi amount (RMB10m = $1.5m) in a 2016 pre-series A round that include AI technology…
