By Greg Gao

(JW Insights) Mar 22 -- China’s listed semiconductor design house C*Core Technology(国芯科技) has conducted successful internal testing of a new generation of high-performance edge computing chip CCP1080T that it developed, reported Yicai Global on March 21.

C*Core Technology’s share price closed up 7.8 percent at RMB63.93 ($9.30) on March 21. Earlier in the day it surged by 10 percent to hit RMB65.28 ($9.49), the highest since it went public in January last year.

CCP1080T can reach an operating frequency of 1.8 gigahertz under normal conditions and can be applied across a wide range of devices, from security gateways, cipher machines and routers to firewalls, said the company based in Suzhou of eastern China’s Jiangsu Province.

The new chip, whose IP is owned by C*Core Technology, enriches the company’s product portfolio in high-performance edge computing and will have a positive impact on the firm’s performance and market share, it added.

Edge computing splits large computing services that are usually fully handled by a central node into smaller and easier-to-manage parts. These parts are then distributed to various edge nodes for handling, which helps speed up data transfers with low latency, according to Yicai Global.

Founded in Suzhou in 2001, C*Core Technology was listed on the Shanghai Stock Exchange in January 2022. It focuses on high-end embedded CPUs and SoC chips as new choices for clients concerned with a more self-controllable supply chain.

Its R&D investment in high-end automotive electronic chips and high-reliability storage control chips in 2022 has increased by about RMB60 million ($8.89 million), up by more than 50%, compared to 2021, driving its quality development in the long term, said the company.