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Meituan Backs A.I. Chip Start-Up as Chinese Tech Giants Pour Money Into Semiconductors – NBC 5 Dallas-Fort Worth

January 17, 2022
Source: nbcdfw.com nbcdfw.com
News Snapshot:
Chinese artificial intelligence chip start-up Axera has raised 800 million yuan ($126 million) from investors including food delivery giant Meituan. Beijing has made boosting self-sufficiency as well as research and development into semiconductors a top priority. That has prompted Chinese tech firms such as Tencent and Alibaba to invest heavily into chip development. Chinese artificial intelligence chip start-up Axera has raised 800 million yuan ($126 million) from investors including food delivery giant Meituan , as the country's largest tech firms continue to pour money into semiconductors. Download our local news and weather app for Apple or Android — and choose...
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