Abstract: On the evening of March 14, Cambrian, a domestic AI chip company, issued an announcement that Mr. Liang Jun, a core technical personnel of the company, terminated the labor contract through the company due to differences with the company. According to the relevant regulations, the company has recently completed the relevant resignation procedures for him, and Mr. Liang Jun will no longer hold any position in the company after leaving the company.
On the evening of March 14, Cambrian, a domestic AI chip company, issued an announcement that Mr. Liang Jun, a core technical officer of the company, terminated the labor contract through the company due to differences with the company. According to the relevant regulations, the company has recently completed the relevant resignation procedures for him, and Mr. Liang Jun will no longer hold any position in the company after leaving the company.
For the impact of this personnel change, Cambrian said in the announcement that the departure of Mr. Liang Jun will have a certain impact on the company's research and development management. The company has established a complete R & D system, formed a professional R & D team, reserves a wealth of patented technology, Mr. Liang Jun's departure will not affect the company's technological innovation, will not have a significant adverse impact on the company's overall R & D strength. According to Cambrian's prospectus, Mr. Liang Jun was born in 1976 and obtained a master's degree in communications and information systems from the University of Science and Technology of China. From 2000 to 2003, he worked as an engineer at the Beijing Research Institute of Huawei Technologies Co., Ltd. From 2003 to 2017, he worked in the Basic Business Department of Huawei Technologies Co., Ltd. and Shenzhen HiSilicon Semiconductor Co., Ltd., where he served as an engineer, senior engineer, chief engineer, technical expert, and senior technical expert.
As of the date of this announcement, Mr. Liang Jun has participated in the research and applied for 138 invention patents and 10 PCT patents during his tenure, all of which are non-single inventors, of which 14 invention patents have been authorized, and the rest are still in the examination stage. Cambrian said that the ownership of these intellectual property rights belongs to the company, there is no dispute over intellectual property rights, and Liang Jun's departure does not affect the integrity of the company's intellectual property rights.
Liang Jun's departure from Cambrian this time also paid a considerable price. According to the announcement, the 37.6% equity interest in Beijing Aixi Technology (i.e. Cambrian shareholder), one of the Cambrian shareholders, also held by Mr. Liang Jun, will be transferred at the repurchase price of 5.00% interest per annum at the paid-in cost. At the same time, in December 2020, Cambrian once granted Mr. Liang Jun 100,000 incentive shares, and according to the relevant regulations, Liang Jun has been granted 80,000 shares that have not been attributed after leaving his job to be invalid, and if calculated according to the stock price of about 66 yuan per share closed today, the value of this part of the invalid shares is about 5.28 million yuan. In other words, Liang Jun gave up incentive stocks worth 5.28 million yuan. In addition, according to the non-compete clause, Mr. Liang Jun should also perform the non-compete obligation within two years after the termination of the contract and shall not serve in a company that competes with Cambrian.
After Liang Jun's departure, Cambrian did not specify a new CTO candidate, and currently hired two new technical deputy general managers from within, in charge of the edge and cloud two major businesses, for which the former head of the edge product line Chen Yu, and the previous cloud training product line leader, senior director of the distributed software department Zeng Hongbo, both of whom joined the staff shortly after cambrian was established.
Affected by this news, superimposed on today's A-share market plunge of 4.95%, today's Cambrian stock price plunged 18.38%, closing at 66.02 yuan.
According to the data, Cambrian was founded in 2016 by Chen Tianshi and Chen Yunji, both of whom graduated from the junior class of the University of Science and Technology of China, whose predecessor was the 10-member academic team of "Exploring the Intersection of Processor Architecture and Artificial Intelligence" established by the Institute of Computing of the Chinese Academy of Sciences in 2008. After its establishment, Cambrian is committed to building various types of intelligent cloud servers, intelligent terminals and intelligent robot core processor chips.
On July 20, 2020, Cambrian was officially listed on the Science and Technology Innovation Board, becoming the "first ai chip stock" of the Science and Technology Innovation Board. On the first day of listing, it set an opening increase of nearly 290%, and the market value once exceeded 100 billion yuan. According to Cambrian's financial report, Cambrian's total operating income in 2021 was 721 million yuan, an increase of 57.12% year-on-year; the net profit loss attributable to the mother reached 847 million yuan, an increase of 94.98% over the same period last year.
Editor: Xin ZhiXun - Lin Zi