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New Delhi: The U.S. blocked chip sales to China. It shocked Chinese companies instantly. High-end AI work froze. China needed a backup plan. The government pushed local tech. Many firms stepped up quickly. Chen Tianshi saw a major opening. His move changed everything for him.
Chen understood the urgent need. He created a new chip. He named it Siyuan 690. It was slower than Nvidia’s chips. But it worked well for China. Government demand exploded fast. Orders flooded his company. His decision made him a billionaire. He grew faster than expected.
His firm relied on Huawei earlier. Ninety-five percent work came from them. Huawei later chose its own chips. Chen’s revenue collapsed instantly. The company nearly shut down. Workers feared downfall. Investors stepped back. Hope looked weak then. But a new twist soon appeared.
The U.S. ban forced China to buy local. Foreign chips became harder to get. China banned Nvidia’s H20 chip later. Demand shifted quickly to Chinese chips. Cambrian’s stock shot upward. Chen became rich overnight. The turnaround stunned the whole industry. His timing proved perfect.
Chen was born in 1985. His father was an engineer. His mother taught history. He studied hard from childhood. He entered China’s top universities. He completed a PhD in 2010. He worked with his brother later. They researched advanced AI chips. Their work gained global attention.
The brothers founded Cambrian in 2016. Huawei used their chips in 2017. The company grew well early. But it suffered when Huawei moved away. Losses mounted fast. Still, research continued. The U.S. ban revived their product. Their revenue rose 500 percent. Cambrian returned stronger.
China wants independence in tech. It fears foreign pressure. Local firms are rising quickly. New startups appear monthly. Government support is strong. Demand keeps expanding. Chen’s success inspires others. China aims to lead chip innovation soon.