Not only Xiaomi and ByteDance but also many other Chinese technology giants are stepping up efforts to design their own chips. For tech companies like Baidu and Alibaba, they are doing cutting-edge work in cloud computing and artificial intelligence, a self-designed chip can cater to specific internal needs better than a chip purchased from another maker.
Read Morethe Asia Pacific is the world’s biggest market for semiconductors, accounting for 60% of global semiconductor sales, with China alone accounting for over 30%. As 5G brings higher connectivity and the ability to reliably connect multiple gadgets, more projects and companies in Asia are looking to use semiconductor technology.
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