Cambricon Technologies, a Chinese semiconductor designer seen as a potential alternative to US giant Nvidia, will pay its maiden dividend after posting its first full-year profit since listing in 2020.
Cambricon, dubbed “little Nvidia”, planned to distribute a cash dividend of 15 yuan (US$2.2) for every 10 shares held, totalling more than 632 million yuan, according to its filing to the Shanghai Stock Exchange on Thursday.
Another 20 million yuan would be allocated for share buy-backs, taking…
