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Chinese chipmakers step up fundraising as AI boom, trade tensions drive demand

By MLex Staff ( August 19, 2025, 09:20 GMT | Insight) -- China’s semiconductor firm Cambricon Technologies, along with its peers, is intensifying efforts to position itself as an alternative to Nvidia in the race to develop artificial intelligence, fueled by strong investor demand for the sector. Cambricon Technologies, a Beijing-based company viewed as one of the leading domestic challengers to Nvidia, said in July that it planned to raise nearly 4 billion yuan ($560 million) to fund chip development. China’s semiconductor firm Cambricon Technologies, along with its peers, is intensifying efforts to position itself as an alternative to Nvidia in the race to develop artificial intelligence, fueled by strong investor demand for the sector....

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