Tencent flags progress on three chips in development, investment effort

SHANGHAI: Chinese technology giant Tencent Holdings touted progress in semiconductor chip development and investment on Wednesday, offering a rare public glimpse of its R&D initiatives.

Best known for computer games and social media app WeChat, Tencent has been steadily investing in 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,” said company official Tang Daosheng, according to a post on the WeChat account for Tencent Cloud.