Alibaba's Cloud Computing Competitor Highlights Chip Development Progress

Alibaba's Cloud Computing Competitor Highlights Chip Development Progress
  • Computer games and social media app WeChat owner Tencent Holdings Ltd TCEHY is offering a rare public glimpse of its R&D initiatives on semiconductor chip development and investment, Reuters reports.
  • Tencent has been steadily investing in the research and development of semiconductors along with other Chinese tech firms.
  • "Facing scenarios with strong business needs, Tencent has had a long-term plan and investment for chip R&D," Tencent posted.
  • Tencent's cloud and smart industry group CEO Tang flagged advances in three directions at a company event.
  • Tencent highlighted three chips developed by Tencent, including a chip for AI computing called Zixiao, another for video processing, known as Canghai, and a chip for high-performance networks named Xuanling.
  • Tencent also announced its Orca cloud operating system.
  • Chinese e-commerce firm Alibaba Group Holding Ltd BABA, a competitor in China's market for cloud computing, showcased a new server chip for data centers in October. 
  • Chinese smartphone maker Xiaomi Corp XIACF XIACY revealed its Surge 1 chip for image processing in phone cameras in 2021.
  • Related Content: Weighing The Cons Of Alibaba's Chip Development
  • Price Action: TCEHY shares traded higher by 2.90% at $60 in the premarket session on the last check Wednesday.

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