By Li Panpan

(JW Insights) Sep 27 -- Chinese Internet platform company Kunlun Tech (昆仑万维) plans to increase capital injection and acquire a controlling stake in Beijing Aijie Kexin Technology Co., Ltd. (艾捷科芯), an AI high-performance chip startup, announced the company on September 20.

Kunlun Tech's two wholly-owned subsidiaries will invest RMB680 million ($93 Million) and acquire a 58% stake in Aijie Kexin, said the company.

After the acquisition, Kunlun Tech will collaborate with Aijie Kexin's founder Jiang Yimin, and the top Chinese IC research institution - China Academy of Sciences Microelectronics Research Institute - to strive for breakthroughs in AI high-performance computing and support chip development, aiming to create more advanced artificial intelligence chips, according to a Pandaily report.

Kunlun Tech will also complete the entire industry chain layout to cover artificial intelligence chips, large models, and AI applications.

Aijie Kexin is mainly engaged in the research, development, and production of AI high-performance computing and supporting chips, with a special focus on generative AI (AIGC), especially intelligent computation for AI games. The core team consists of renowned experts and scholars in integrated circuits, artificial intelligence, large language models, etc.

Kunlun Tech, headquartered in Beijing, was founded in 2008 and listed on the Shenzhen Stock Exchange in 2015. It is China's leading Internet platform company with business in the international market. It started with web game development and publishing games globally and now manages overseas information distribution, metaverse platform Opera, Overseas social entertainment platform StarX, and others.

Kunlun Tech previously stated that in 2023, the company has formulated a long-term strategy of “All in” AGI and AIGC. Building on a solid foundation of existing businesses, it aims to empower various business sectors comprehensively through AGI and AIGC. The business architecture will be upgraded once again, forming three core business matrices: AGI and AIGC, overseas information distribution and metaverse, as well as investments.

According to Kunlun Tech’s disclosure, after investing in and holding shares of Aijie Semiconductor, they will complete the full industrial layout of AGI (Artificial General Intelligence) and AIGC (AI Graphics Chip).

Since 2020, Kunlun Tech has been strategically developing AGI and has independently developed Tian Gong Universal Large Model. They have formed six major AI business matrices including AI large models, search, music, games, social media, and comics. Some of these businesses have started commercialization, said the Pandaily report.