Canaan Inc - ADR (CAN) falls -3.3270% for June 16

Equities Staff  |

Canaan Inc - ADR (NASDAQ: CAN) shares fell -3.3270% to end trading Wednesday at $9.59 per share - a net change of $-0.33. Shares traded between $10.05 and $9.30 throughout the day.

About Canaan Inc - ADR

Established in 2013, Canaan Inc. provides high-performance computing solutions to efficiently solve complex problems. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China's national high-tech enterprise certification. In 2018, Canaan achieved major technological breakthroughs to launch the K210, the world's first-ever RISC-V-based edge artificial intelligence (AI) chip, which is now widely used for access control in situations such as smart door locks and more. Canaan Inc. is currently focused on the research and development of advanced technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. Using the AI chip as its base, Canaan Inc. has established an intellectual value chain. Canaan Inc. also provides a suite of AI service solutions and is able to tailor these solutions to the needs of its partners.

Visit Canaan Inc - ADR’s profile for more information.

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To get more information on Canaan Inc - ADR and to follow the company’s latest updates, you can visit the company’s profile page here: Canaan Inc - ADR’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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