่ฃๆ็ ่ฏ็ๅข้ๆๅ ๏ผๆ ผๅ็ตๅจ10ไบฟๅ ๆณจๅ้ๆ็ต่ทฏๅ จ่ตๅญๅ ฌๅธ โIfeng Finance
What happened: Electronic appliance manufacturer Gree has established a wholly-owned subsidiary chip company, Zhuhai Zero-Boundary Integrated Circuit Limited, investing RMB 1 billion ($146 million). Gree said that the new subsidiary will be focusing on chip design for Greeโs key products such as air conditioners. Dong Mingzhu, CEO at Gree and one of the most powerful business gurus in China, said that to enter the field, Gree is willing to invest even RMB 50 billion.
Why itโs important: Capital injection in Chinaโs chip design and manufacturing field has become a norm, but few thoughts are given to the question of whether just money can lead to tangible results. Before the establishment of Greeโs chip subsidiary, Chinaโs tech industry suspected that Greeโs chip dream is just another fantasy. The discussion over Chinaโs core technology capabilities ignited again after Redcore, a so-called โ100% China-madeโ browser, was reported to be based on Chromeโs open source structure.
