Shanghai eyes chip potential

Shanghai, as one of the birthplaces of China's chip industry, is stepping up efforts in independent innovation and research to develop AI chips, said Shi Guanghui, vice-mayor of the city.

A highly concentrated research and development, design and manufacturing as well as skills foundation for smart chip development has already been formed in Shanghai. Artificial intelligence is going to be the new economic engine for China and the world as a whole, and smart chips are the key for AI technology, said Shi.

Shanghai has the nation's most complete industrial chain of integrated circuits, and the development of this special sector is also one of the focuses for Shanghai to promote its service, manufacturing, retail and culture sectors, he said.