Cambricon's Employee Stock Gamble: A Race Against Time for AI Chips

The most valuable information in this article is that Cambricon used a restricted stock incentive plan covering 945 people—more than 80% of its total employees—to forcibly bind the company's fate with individual interests. The grant price of 750 yuan/share looks like a "half-price" perk, but it is actually a confidence test for its own technology roadmap and market position—if the stock price can't hold up, this incentive plan is just a worthless check.