Hisense joined hands with Qingdao Microelectronics Innovation Center Co., Ltd. to establish a chip company with a combined investment of 0.5 billion Yuan on June 28 2019. The new company will work on the R&D of SoC and AI. Hisense has been devoted to the development of chips for long with the rollout of China’s first proprietary video processing chip in June 2005, its Hi-View Pro chip in 2015 and after that, iterated H3 chip.