C*Core Technology Co Ltd: Recent Developments and Market Context

Company Overview

C*Core Technology Co Ltd (SH688262) is listed on the Shanghai Stock Exchange. The company’s market capitalization stands at 10.6 billion CNY, and its share price closed at 31.59 CNY on 2025‑09‑16. Over the past year, the stock has risen from a 52‑week low of 13.97 CNY to a high of 38.84 CNY, reflecting positive investor sentiment within the broader semiconductor sector.

1. Industry‑Wide Momentum in China’s Chip Segment

The Shanghai Stock Exchange’s chip‑related stocks have exhibited robust performance. As of 2025‑09‑17, leading names such as Semiconductor Manufacturing International Corp (SMIC) and other domestic players recorded significant intraday gains. This surge aligns with a broader narrative that Chinese “hard‑technology” industries are entering a “golden development period,” attracting heightened attention from international capital.
Key points from the market analysis:

  • Foreign institutional activity: More than 40 foreign investment firms have scheduled research visits to domestic chip companies, indicating a strategic interest in the sector.
  • Valuation upgrades: Major global banks, including Goldman Sachs and Morgan Stanley, have raised earnings forecasts and target prices for leading chip firms, signalling confidence in the long‑term outlook for semiconductor manufacturing and related technologies.
  • Asset inflows: International funds, such as the KraneShares China Internet ETF, have increased their allocation to Chinese technology equities, reflecting a search for higher growth and lower valuation environments amid a weakening U.S. dollar cycle.

2. C*Core Technology’s Strategic Initiatives

2.1 Launch of the CCAT200T Trustworthy AI Inference Card

On 2025‑09‑16, C*Core Technology announced the successful rollout of the CCAT200T, a trustworthy AI inference card developed in collaboration with its subsidiary Jiangyuan Technology.

  • Core technology: The card incorporates Jiangyuan’s first‑generation domestic AI accelerator, featuring a 16 MB high‑bandwidth L2 cache and eight LPDDR5 memory controllers that deliver 204.8 GB/s memory bandwidth.
  • Security features: It supports national encryption standards (SM2/3/4), enabling static trust measurements and compliance with China’s security regulations.
  • Interface and scalability: The card offers PCIe 5.0, CXL.io/CXL.mem, and SR‑IOV hardware virtualization, supporting up to four virtual functions and a bi‑directional 128 GB/s data path.
  • Supply‑chain control: All main components are domestically sourced, positioning the product as the first fully domestic, end‑to‑end AI accelerator in China’s secure computing ecosystem.

2.2 Regulatory Oversight and Compliance Reporting

C*Core Technology submitted its semi‑annual “continuous supervision and tracking report” to the National Market Supervision Administration (NMSA). The document, released on 2025‑09‑16, confirms ongoing compliance with the latest regulatory requirements for semiconductor companies operating in China. The report is accessible through the company’s investor relations portal.

3. Market Implications

  • Investor confidence: The introduction of a domestically secure AI inference solution aligns with the narrative of a maturing Chinese semiconductor ecosystem, potentially enhancing C*Core’s appeal to both domestic and foreign investors.
  • Strategic positioning: By advancing trustworthy AI hardware, C*Core positions itself as a key contributor to China’s national initiatives on AI safety and secure computing, which may translate into preferential policy treatment and future contracts.
  • Competitive landscape: The rapid deployment of the CCAT200T places C*Core among a growing cohort of firms that are addressing both performance and security demands in AI workloads, potentially narrowing the technological gap with international rivals.

4. Summary

CCore Technology Co Ltd is actively expanding its product portfolio in the AI and secure computing space while maintaining regulatory compliance. Concurrently, the broader Chinese semiconductor market is experiencing renewed foreign investment and valuation optimism, creating a favorable environment for companies like CCore that are advancing domestic, secure AI solutions.