China's Tencent has long-term plan for chip development, investment

China's Tencent has long-term plan for chip development, investment

FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo

Chinese technology giant Tencent Holdings touted progress in semiconductor chip development and investment on Wednesday, offering a rare public glimpse of its R&D initiatives.