Tencent look beyond digital entertainment
Tencent holdings launched three new self-designed chips , enabling the Chinese internet giant to play a role in the country's development efforts in semiconductors and to further expand beyond video gaming, mobile payments and social media. The new silicon products include artificial chip Zixiao which is focused on processing images,video and natural language ; video and natural language ; video transcoding device Canghai; and network interface controller Xuanling
-Tencent has long-term plances for developing advanced chips, making the first time the company has publicly shared the progress of its push into semiconductor research and development.
- Tencent look to expand into other lucrative business
- Tencent derives most of its revenue from online content which is a prime target for China's crackdown. With the invention of the new chips, the company can better align with Chinese President Xi Jinping's goals.
Tencent has always been an internet giant in the world of digital entertainment. With the expansion of its business into semi-conducrtors, which is also the interest of the goverment who has make tech-self sufficiency a top national pirority, Tencent may grow in to a world class semiconductor comany as its required infarstructure and funamentals are already in place for her to succeed. Investors should take this chance to invest in a fundamentally sound company like Tencent .
$TENCENT (00700.HK)$
If you wish to leverage on this consider using DLCs,
5x Long $Tencent 5xLongSG220808 (DDLW.SG)$
5x Short $Tencent 5xShortSG230202 (DTCW.SG)$
$TENCENT (00700.HK)$
If you wish to leverage on this consider using DLCs,
5x Long $Tencent 5xLongSG220808 (DDLW.SG)$
5x Short $Tencent 5xShortSG230202 (DTCW.SG)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
