By Li Panpan

(JW Insights) Mar 2 -- Xingge Technology, a subsidiary of Chinese AI chipmaker Cambricon (寒武纪), signed a strategic cooperation agreement with FAW Group to develop autonomous driving chips for the Chinese automaker, said the company in its investor relationship management platform of the Shanghai Stock Exchange on March 1.

Cambricon said its smart cloud chips have significant AI computing and process advantages and can cover diverse application fields such as vision, speech, natural language processing, recommendation systems, search engines, and traditional machine learning.

Founded in 2016, Cambricon has focused on core AI processors for cloud servers, edge computing equipment, and devices, according to its website. The company went public on China's Nasdaq-style STAR market in Shanghai in 2020.

Meanwhile, the Beijing-based company also signed a cooperation agreement recently with Huangyan District of Taizhou City in eastern China's Zhejiang Province to build an intelligent computing center and an artificial intelligence industry base.