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.
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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.
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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.
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