Bitcoin mining machine manufacturer Canaan Technology announced investment in Node Semiconductor (Shanghai) Co., Ltd.

Original title: Bitcoin mining machine manufacturer Canaan Technology announced investment in Node Semiconductor (Shanghai) Co., Ltd. Source: TechWeb.com.cn

[TechWeb] On August 12, according to foreign media reports, on Wednesday, Canaan Inc., the first blockchain stock and Bitcoin mining machine manufacturer, announced a strategic investment in Pixelworks (Shanghai) Co., Ltd. (PWSH), a subsidiary of Pixelworks, an innovative video and display processing solutions provider.

Canaan Inc. will reportedly invest $3.1 million in Pixelworks (Shanghai) Co., Ltd. in exchange for an equity stake in PWSH, thereby strengthening its artificial intelligence (AI) business.

Pixelworks (Shanghai) Co., Ltd. is dedicated to the production, marketing and sales of visual display processing semiconductors, application-specific integrated circuits for video applications, video infrastructure equipment and high-end streaming media devices.

Founded in 2013, Canaan Technology is an Internet company engaged in the research and development of independent AI chips and the provision of high-performance computing services. It mainly produces blockchain servers and designs ASIC microprocessor solutions. On November 21, 2019, the company was successfully listed on the Nasdaq in the United States with the stock code "CAN". (Little Fox)

Disclaimer: TechWeb.com.cn is a public welfare and sharing network platform. Its purpose is to provide the public with rich information and serve the public. It does not declare or guarantee the validity, correctness and reliability of its content, nor does it constitute advice on your investment. There are great risks and unpredictability in digital currency investment. We do not encourage any form of investment behavior. The shared information published on the website comes from the Internet. The investment behavior of users due to shared information has nothing to do with TechWeb.