Shenzhen-listed iFlytek reveals 1.19% stake in AI chip unicorn Cambricon

Shenzhen-listed iFlytek reveals 1.19% stake in AI chip unicorn Cambricon

Photo by Alexandre Debiève on Unsplash

Chinese state-backed voice recognition giant iFlytek has revealed a 1.19 per cent stake in Cambricon Technologies, the country’s AI chip unicorn worth $2.5 billion, ahead of the latter’s targeted initial public offering (IPO) on the Nasdaq-style STAR Market.

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