Tencent Holdings Ltd. has unveiled its first chips, showcasing a yearlong foray into silicon design as the Chinese tech giant seeks to grow beyond digital entertainment.
"Chips are the key components of hardware and the core infrastructure of the industrial internet,” Tencent Senior Vice President Dowson Tong said during the event. As part of Tencent’s push into enterprise software, Tong pledged US$3bil worth of resources to help its cloud business partners in the next three years.
The government has made tech self-sufficiency a top national priority, setting aside billions in government funding and offering a wide range of policy support to help local firms overcome US sanctions on the semiconductor industry.
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