Tencent plans to ramp up AI spending as China's chip supply allegedly improves

Tencent plans to ramp up AI infrastructure spending in the second half of 2026 as domestic chip shipments in China improve.

The company also posted strong first-quarter revenue and profit growth, underscoring solid core business performance.

Tencent is reportedly discussing a stake in DeepSeek, highlighting its push deeper into China’s AI ecosystem.

Despite better chip supply, lingering component shortages could still delay projects and keep costs elevated.