{"id":"b4bcccd2-ab96-49e2-839f-8a76371bb7dc","slug":"cambricon-us-entity-list-2022","kind":"regulatory_action","headline":"Cambricon added to US Entity List by Bureau of Industry and Security","summary":"On December 15, 2022, the US Commerce Department's Bureau of Industry and Security (BIS) added Cambricon to the Entity List for acquiring and attempting to acquire US-origin items in support of China's military modernization. The listing subjects all items subject to the EAR to a presumption-of-denial license review policy, restricting Cambricon's access to advanced semiconductor manufacturing technology and equipment.","occurredAt":"2022-12-15T00:00:00.000Z","reviewStatus":"reviewed","modelId":null,"deploymentId":null,"companyId":"3543d707-eca0-4b56-b51a-f07bf535af41","dataCenterId":null,"aliases":[],"collisionRisk":"none","reviewNote":null,"severity":"serious","rootCauseCategory":null,"rootCauseDetail":null,"affectedUnitsCount":null,"affectedUnitsBasis":null,"remediationStatus":null,"regulatoryAction":null,"regulatoryBody":null,"propertyDamageEstimateUsd":null,"damageEstimateBasis":null,"bodilyInjurySeverity":null,"fatalityCount":null,"lossCostClass":null,"sourceQualityTier":null,"oshaRecordable":null,"oshaCaseNumber":null,"rootCauseDisclosed":null,"publicDisclosureDate":null,"insuranceClaimPublic":null,"formFactor":null,"latitude":null,"longitude":null,"autonomyClass":null,"legalOutcomeClass":"unknown","createdAt":"2026-08-25T11:04:03.547Z","updatedAt":"2026-09-29T19:23:11.246Z","model":null,"deployment":null,"company":{"id":"3543d707-eca0-4b56-b51a-f07bf535af41","name":"Cambricon Technologies","slug":"cambricon","description":"Shanghai-listed AI chip designer (SSE: 688256) spun out of the [Chinese Academy of Sciences](https://en.wikipedia.org/wiki/Chinese_Academy_of_Sciences) in 2016. Designs GPGPUs and MLU (Machine Learning Unit) processors for cloud training and inference, positioned as a domestic alternative to [Nvidia](https://deploy.report/companies/nvidia) in China. Its flagship Siyuan 590 chip entered mass shipment in early 2025, driving a 4,000%+ revenue surge and the company's first profitable year.","status":"private","founded":2016,"hq":"Beijing, China","hqLat":null,"hqLng":null,"hqGeocodedAt":null,"hqAddress":null,"hqPrecision":null,"website":"cambricon.com","fundingTotal":null,"type":"both","roles":[],"reviewStatus":"reviewed","heatIndex":0,"lifecycleState":"active","supersededByCompanyId":null,"sources":"[{\"url\":\"https://www.cambricon.com/en/\",\"title\":\"Cambricon Technologies\",\"sourceName\":\"Cambricon\"},{\"url\":\"https://en.wikipedia.org/wiki/Cambricon_Technologies\",\"title\":\"Cambricon Technologies - Wikipedia\",\"sourceName\":\"Wikipedia\"},{\"url\":\"https://www.forbes.com/profile/chen-tianshi/\",\"title\":\"Chen Tianshi - Forbes\",\"sourceName\":\"Forbes\"},{\"url\":\"https://techbuzzchina.substack.com/p/cambricon-chinas-nvidiaor-nvidia\",\"title\":\"Cambricon: China's Nvidia—or Nvidia Without the Profits?\",\"sourceName\":\"Tech Buzz China\"},{\"url\":\"https://www.scmp.com/tech/article/3362223/chinese-ai-chip-giant-cambricon-sets-us148b-revenue-goal-tied-staff-incentive-plan\",\"title\":\"Chinese AI chip giant Cambricon sets US$14.8b revenue goal\",\"sourceName\":\"SCMP\"},{\"url\":\"https://www.bloomberg.com/news/articles/2025-12-04/cambricon-aims-to-triple-chip-output-to-replace-nvidia-in-china\",\"title\":\"Cambricon Aims to Triple Output to Replace Nvidia in China\",\"sourceName\":\"Bloomberg\"}]","keyFacts":[{"label":"CEO","value":"Chen Tianshi (Chairman & CEO)"},{"label":"Founders","value":"Chen Yunji, Chen Tianshi, Liu Shaoli, Wang Zai"},{"label":"Headquarters","value":"Beijing, China"},{"label":"Founded","value":"March 15, 2016"},{"label":"Stock Listing","value":"SSE STAR Market (688256), IPO July 20, 2020"},{"label":"IPO Proceeds","value":"$369 million (July 2020)"},{"label":"Key Product","value":"Siyuan 590 GPGPU — cloud AI training/inference chip"},{"label":"Product Line","value":"MLU (Machine Learning Unit) series for cloud and edge AI"},{"label":"2024 Revenue","value":"CN¥1.18 billion (~$163M)"},{"label":"H1 2025 Revenue","value":"CN¥2.88 billion (~$403M), up 4,000%+ YoY"},{"label":"First Profit","value":"Q4 2024 — first quarterly profit after 7 consecutive years of losses"},{"label":"Employees","value":"1,107 (end of 2025)"},{"label":"Early Investors","value":"Alibaba, Lenovo, iFlytek, Big Fund II (RMB 200B semiconductor fund)"},{"label":"US Entity List","value":"Added December 15, 2022 by US Bureau of Industry and Security"},{"label":"Market Share","value":"~1% of China AI chip market in 2024 (Bernstein); Nvidia 66%, Huawei Ascend 23%"},{"label":"Government Backing","value":"Chinese Academy of Sciences (CAS) spin-out; state-owned enterprise"},{"label":"Manufacturing Partner","value":"SMIC (Semiconductor Manufacturing International Corporation)"},{"label":"Hero image candidate","value":"https://upload.wikimedia.org/wikipedia/commons/f/f9/Cambricon_Technologies.svg (source: Wikimedia Commons, CC BY-SA)"}],"aliases":["Cambricon","寒武纪"],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":"688256","stockExchange":"SSE STAR Market","secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":1107,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-24T23:13:04.323Z","updatedAt":"2026-08-25T11:04:34.952Z"},"derived":{"status":"active"},"sources":[{"id":"169e3139-20ff-41e2-8ee1-5500a202d5da","incidentId":"b4bcccd2-ab96-49e2-839f-8a76371bb7dc","url":"https://www.reuters.com/business/chinese-companies-added-us-entity-list-2022-12-15/","label":null,"publishedAt":"2022-12-15T00:00:00.000Z","notes":null,"title":"Chinese companies added to U.S. entity list","sourceName":"Reuters","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-09-29T19:23:10.665Z","updatedAt":"2026-09-29T19:23:10.665Z"},{"id":"82551aec-c5f6-4b55-8037-05c03b66be12","incidentId":"b4bcccd2-ab96-49e2-839f-8a76371bb7dc","url":"https://www.federalregister.gov/documents/2022/12/19/2022-27151/additions-and-revisions-to-the-entity-list-and-conforming-removal-from-the-unverified-list","label":null,"publishedAt":"2022-12-19T00:00:00.000Z","notes":null,"title":"Additions and Revisions to the Entity List - Federal Register","sourceName":"Federal Register / Bureau of Industry and Security","mediaType":"web","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-08-25T11:04:03.937Z","updatedAt":"2026-08-25T11:04:03.937Z"}],"responses":[],"statusEvents":[],"jsonLd":{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://registry.deploy.report/incidents/cambricon-us-entity-list-2022","url":"https://registry.deploy.report/incidents/cambricon-us-entity-list-2022","headline":"Cambricon added to US Entity List by Bureau of Industry and Security","description":"On December 15, 2022, the US Commerce Department's Bureau of Industry and Security (BIS) added Cambricon to the Entity List for acquiring and attempting to acquire US-origin items in support of China's military modernization. The listing subjects all items subject to the EAR to a presumption-of-denial license review policy, restricting Cambricon's access to advanced semiconductor manufacturing technology and equipment.","identifier":"b4bcccd2-ab96-49e2-839f-8a76371bb7dc","datePublished":"2022-12-15T00:00:00.000Z","articleSection":"regulatory action","publisher":{"@id":"https://deploy.report/#organization"},"author":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":2,"primary_source_types":["secondary-established-publication"]}}}