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Tencent launches three new chips

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Miguel A. Rodriguez
Miguel A. Rodriguez
05 November 2021
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/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.