China's Gree can now make its own chips, local media reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Source: Reuters
Gree Electric Develops Own Chips: Gree Electric has successfully developed its own chips, as announced by chairwoman Dong Mingzhu, marking a significant milestone six years after initiating the project without government funding.
Expansion into Smart Home Products: The company aims to enhance its product offerings beyond air conditioners, having previously invested heavily in chip purchases and currently building a Silicon Carbide chip factory for production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
