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Tech Brief (July 1): UBTech Launches Lifelike Humanoid Robots

UBtech Robots Cambricon STAR Market Malaysia

Cambricon becomes first STAR Market stock to hit 1-trillion-yuan market cap

Cambricon Technologies Corp. Ltd. became the first company listed on Shanghai’s tech-focused STAR Market to surpass 1 trillion yuan ($147 billion) in market capitalization, as the SSE STAR 50 Index continued its strong rally. Shares of the Chinese AI chipmaker closed up 7.7% at 1,595.55 yuan on Tuesday, bringing its market value to 1 trillion yuan. The company’s stock has surged more than 75% so far in 2026. After posting its first annual profit in 2025, Cambricon reported a 159.6% year-on-year jump in revenue to 2.9 billion yuan in the first quarter of 2026, while net profit attributable to shareholders soared 185% to 1 billion yuan.

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