BEIJING / LONDON (IT BOLTWISE) – US sanctions against Chinese technology companies have produced unexpected winners. Chen Tianshi, co-founder of Cambricon Technologies, has become one of the world’s richest self-made billionaires thanks to government support and rising demand for domestic AI chips. His company’s shares have risen over 765% in the last two years, cementing his position as the third richest person under 40 in the world.
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Recent US sanctions against Chinese technology companies have created new dynamics in the global AI market. Chen Tianshi, co-founder of Cambricon Technologies, has leveraged these geopolitical tensions to turn his company into a leading AI chip supplier in China. Originally heavily dependent on Huawei, Cambricon had to find new ways to survive and grow after the tech giant’s withdrawal.
The U.S. decision to deny China access to advanced chips has prompted Beijing to boost domestic technology production. This political support has given companies like Cambricon a protected market and government funding. As a result, the value of Cambricon shares has increased more than eightfold in the past two years, making Chen Tianshi one of the richest young entrepreneurs in the world.
Although Cambricon’s impressive growth rate raises questions about sustainability, the company’s success is an example of China’s new industrial landscape, where political support is often more important than free market competition. But experts warn that without continued political support, Cambricon’s valuation could be inflated.
Competition from other Chinese companies such as Huawei remains a challenge. Still, demand for domestic chips, especially after Beijing’s request for local companies to stop using NVIDIA products, has continued to boost Cambricon’s growth. This development shows how geopolitical tensions can change the technological landscape and create new market leaders.
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