(Yicai) March 13 -- Shares of Jingjia Microelectronics soared after the Chinese chip developer announced it successfully developed a new microelectronic product that can be applied to artificial intelligent computing.

Jingjia Micro [SHE: 300474] was trading up 12.8 percent up at CNY87.88 (USD12.23) as of 2.30 p.m. in Shenzhen today, after earlier surging as much as 19.4 percent.

Jingjia Micro successfully developed a high-performance intelligent computing module and device that can be applied to AI training, AI reasoning, and scientific computing, the Changsha-based firm said in a statement late yesterday.

The new product is compatible with mainstream central processing units, operating systems, and servers in China and overseas and supports mainstream computing ecosystems, deep learning frameworks, and algorithm libraries, Jingjia Micro noted.

The successful development of the new product will enrich Jingjia Micro’s high-performance intelligent computing product line, broaden the applications of its AI reasoning, AI training, and scientific computing products, and help consolidate its market competitiveness and market share in these fields, the company added.

Jingjia Micro is a tech company deeply engaged in the design of graphics processing chips. In recent years, it successfully developed a series of new chip products for graphics processing and achieved related mass production.

Editor: Futura Costaglione