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Tencent-backed start-up Jaguar Microsystems bets on chip innovation to help propel growth of China’s cloud computing market
- JaguarMicro develops advanced data processing units, a new class of programmable chips, for servers used in data centres
- The Shenzhen-based tech unicorn expects to record annual revenue of more than US$1 billion in three years
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Tencent Holdings-backed start-up Jaguar Microsystems (JaguarMicro) is seeking to become a major technology supplier to China’s fast-growing cloud computing services market with its innovative new chips, providing a beacon of light to the country’s semiconductor industry amid growing tensions between Beijing and Washington.
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Shenzhen-based JaguarMicro is focused on developing data processing units (DPUs), a new class of programmable systems-on-a-chip, for servers used in data centres, Hong Kong-born Sunny Siu, the company’s founder, chairman and chief executive, said in a recent interview.
“Like electricity, cloud computing will become a new utility,” Siu told the South China Morning Post. “And our goal is to help the utility providers cut their costs, while increasing their output.”
Cloud computing services enable companies to buy, sell, lease or distribute a range of software and other digital resources as an on-demand service over the internet, just like electricity from a power grid.
Those resources are managed inside data centres, which are secure, temperature-controlled facilities built to house large-capacity servers and data storage systems linked to multiple power sources and high-bandwidth internet connections.
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