The Chinese internet giant revealed three chips it developed to boost the country’s take on semiconductors
Tencent, one of the largest internet and gaming companies globally, has been expanding its business interests, taping in the areas such as chips and cloud computing. The company launched three chips it created, marking the first time the WeChat app – operator has publicly talked about its progress in the semiconductors industry.
One of the semiconductors – Zixiao – can process images, video and natural language. It could be used for AI voice assistants. The second one is a video transcoding chip – used for converting videos into different formats. And the third one is a network card designed to help cloud computing processes.
Tencent’s efforts come after other Chinese tech giants such as Baidu, which launched its second-generation artificial intelligence chip in August. Also, in October, Alibaba released a chip meant for servers and cloud computing.
At the closing bell of the Hong Kong market, Tencent stock price was up 2.52%.
Sources: cnbc.com, finance.yahoo.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.