Tencent Holdings' Canghai Video Transcoding Chip Enters Mass Production: Report

Tencent Holdings Ltd's TCEHY video transcoding chip Canghai has reportedly entered mass production and supports services from cloud gaming to live streaming.
The Shenzhen-based company said that tens of thousands of its Canghai chips have been serving clients in areas ranging from cloud gaming to live streaming, Reuters reported.
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The company first revealed the Canghai chips in 2021. The company's self-developed chip focuses on solving the "impossible triangle of high image quality, low latency, and low cost" in video encoding and decoding.
The report added that Tencent has a long-term plan to research, develop, and invest in semiconductors. Several chips have entered the market at scale.
Tencent Holdings is best known for its popular messaging platform WeChat.
Price Action: TCEHY shares traded higher by 2.40% at $46.98 on the last check Monday.