Baidu is reportedly planning to launch a subsidiary AI chip firm, which could boost China‘s efforts to develop a domestic semiconductor industry.
CNBC reports the search giant is in discussions with venture capital companies GGV and IDG Capital about investing in the enterprise.
The company would sell chips to customers in various industries, including automakers, and could also support Baidu’s work on electric and autonomous vehicles.
A source told CNBC the Baidu will probably be the vast majority shareholder of the subsidiary.
The information is as China pushes to fortify its homegrown chip industry.
Also read: Top 9 WordPress Lead Generation Plugins in 2021
The nation’s reliance on overseas equipment was subjected by the trade war with the US, which imposed a string of limitations on sales of components and chips to China.
China reacted by setting an objective of generating 70 percent of those semiconductors it utilizes by 2025.
The goal is definitely ambitious: just 16 percent of the semiconductors it utilized in 2019 were created indigenously.
The nation is relying upon government investment and national businesses to become more self explanatory.
Also read: 7 Best Instagram Font Generators (Apps & Websites)
NBC notes that technology giant Tencent recently spent in an AI chip startup, whereas Alibaba and Huawei both unveiled AI semiconductors at 2019.
Baidu’s subsidiary would further support China’s drive for self-sufficiency, but the country is still a long way from building a world-leading chip industry.
Top 10 News
-
01
10 Exciting iPhone 16 Features You Can Try Right Now
Tuesday November 19, 2024
-
02
10 Best Anatomy Apps For Physiologist Beginners
Tuesday November 12, 2024
-
03
Top 10 Websites And Apps Like Thumbtack
Tuesday November 5, 2024
-
04
Top 10 Sites Like Omegle That Offer Random Video Chat
Monday October 21, 2024
-
05
Entrepreneurial Ideas To Make 5K In A Month (10 Realistic Wa...
Monday October 7, 2024
-
06
[10 Best] Cash Advance Apps Like Moneylion And Dave (No Cred...
Friday September 20, 2024
-
07
Top 10 Richest Person In The World
Tuesday August 27, 2024
-
08
Top 10 Unicorn Startups In The World (2024-25)
Monday August 26, 2024
-
09
Top 10 IT Companies In The World By Market Cap
Thursday August 22, 2024
-
10
[10 New] Best OnionPlay Alternatives To Stream TV Shows And ...
Tuesday June 11, 2024
Related Posts
Future
7 Future Technology That Will Change Our World
By: Neeraj Gupta, Fri May 3, 2024
The tendency of the future technology depends on the present innovation. And..
Future
The Biggest Technology Trend In Computer Science In The Next...
By: Ankita Sharma, Wed April 24, 2024
Radical changes have been noticed with the technology trend in computer..
Future
The Impact And Future Of Industrial Laser Solutions
By: Evelyn Addison, Thu March 21, 2024
In the realm of industrial manufacturing and processing, industrial laser..
Future
The Future Of Logistics: How The Game Is Changing
By: Micah James, Fri February 16, 2024
In the world future of logistics, we’re standing on the edge of something..
Future
Apple Announced iPhones Will Support RCS In 2024 (Big News!)
By: Alan Jackson, Wed November 22, 2023
! Apple RCS support has announced and agreed to add RCS messaging to the iPhone..
Future
How Industry 5.0 Changes The Future Of Technology
By: Micah James, Tue August 22, 2023
One of the most discussed topics of recent times is Industry 5.0. The process..
Subscribe
0 Comments