Chinese AI-chip designer Cambricon Technologies is preparing to raise roughly $560 million to expand production of its data-centre processors, according to industry reports circulated on 18 August. The fundraising would provide fresh capital for research, manufacturing and market expansion at a time when demand for domestic accelerators is rising sharply. Cambricon’s move coincides with a new nationwide directive that publicly funded data-centres source more than half of their computing and storage chips from Chinese suppliers by 2025. The policy, reported by the South China Morning Post, extends guidelines first introduced in Shanghai and applies to the more than 500 data-centre projects announced across the country since 2023. The twin developments sharpen China’s effort to reduce reliance on U.S. technology amid export curbs that limit shipments of Nvidia’s high-end GPUs. While Nvidia still controls an estimated 80 % of the global AI-GPU market, analysts say Beijing’s mandate and Cambricon’s planned cash infusion could divert a significant share of new domestic data-centre spending toward home-grown chipmakers.