Chinese tech firm Tencent is to invest 15 billion yuan (US$2.1 billion) in building its Yangtze River Delta artificial intelligence supercomputing center and industrial base in Songjiang, according to results of a city-level major industrial projects signing ceremony held on March 31.
Construction of the project, which will cover an area of about 236 mu (15.7 hectares), is expected to start this year. When completed, the AI industrial park will house 100-plus high-tech firms.
Songjiang is highly compatible to Tencent’s vision of digital city construction, the company’s managerial staff said.
Its AI supercomputing center in Songjiang is expected to become the nation’s Top 3 and Yangtze River Delta’s top supercomputing center, and shoulder the national strategy of innovative city construction and smart city construction.
Tencent will also introduce qualified AI companies to be based in the industrial park. The park will also include Tencent’s Yangtze River Delta AI incubator and Keen Security Lab, and nurture an industrial ecosystem of AI.
A “1+1+N” cooperative strategy, or cooperation between Songjiang government, Tencent and its industrial ecology business partners, will be adopted to build the suburban district into a model of future smart city.
In recent years Songjiang has turned itself into an industrial cluster of seven advanced manufacturing industries, including AI, integrated circuit and high-end equipment manufacturing, under the guidance of the G60 High-tech Corridor development vision.
The Shanghai Major Industrial Projects Signing Ceremony also witnessed other investment deals signed with Songjiang, including Konka Group’s Shanghai headquarters project and CRRC Urban Traffic Co’s Shanghai headquarters project.
The total value of investment to be injected in Songjiang through Tuesday’s signing ceremony amounts to 25 billion yuan.