Tencent Reports Progress on Three Chips in Development and Investment Efforts

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A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China on October 20, 2019. REUTERS / Aly Song

SHANGHAI, Nov. 3 (Reuters) – Chinese tech giant Tencent Holdings (0700.HK) on Wednesday touted progress in semiconductor chip development and investment, offering a rare public glimpse of its R&D initiatives .

Best known for its computer games and social media app WeChat, Tencent regularly invests in semiconductor research and development, along with other Chinese tech companies.

“Faced with scenarios with strong business needs, Tencent has a long-term plan and investment for chip R&D,” said Tang Daosheng, head of the company, according to an article posted on Tencent Cloud’s WeChat account. .

Tang, senior executive vice president and general manager of Tencent’s cloud and smart industry group, reported progress in three directions at a corporate event.

He highlighted three chips developed by Tencent. This is an AI computing chip called Zixiao, another for video processing known as Canghai, and a high-performance networking chip called Xuanling.

The company also announced its Orca cloud operating system.

The comments come after Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), a competitor to Tencent in the Chinese cloud computing market, unveiled a new server chip for data centers last month.[L1N2RF03R[L1N2RF03R[L1N2RF03R[L1N2RF03R

Chinese smartphone maker Xiaomi Corp (1810.HK) this year unveiled its Surge 1 chip for image processing in phone cameras.

These efforts dovetail with China’s efforts to boost the domestic semiconductor industry, which has become a key point of tension between Washington and Beijing.

Reporting by Brenda Goh and Josh Horwitz; Editing by Clarence Fernandez

Our Standards: Thomson Reuters Trust Principles.

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