Guoxin Micro’s Financial Chips Realize Large-scale Commercial Use Overseas; Ecosystem of “Super Financial Chips” Gets Improved

Recently, Tongxin Micro’s security chips for financial terminals realized massive application in overseas markets, which is the first large-scale commercialization of Chinese chips in overseas financial machines. As an important part of Unigroup’s ecosystem of "Super Financial Chips", this product, thanks to its good reputation, has achieved fruitful results in domestic and overseas markets. This time, Tongxin Micro’s financial chips lead Chinese chips to enter the world’s stage, re-establish the image of Chinese brands and further paves the way for China’s goal of developing into a science and technology power. 

As the digital economy is booming, chips, as the basic carrier of data transmission, computing and connection, is set to embrace diversified applications and huge market spaces. According to relevant reports, the global market demands for payment terminals will continue growing, which are estimated to exceed 300mn units by 2025. Standing at the forefront of the technological revolution era, Chinese chip makers are poised to rise.

"Chinese financial terminal manufacturers secure 8 seats among the world’s top 10, but foreign chipmakers are dominating the security chips used by financial terminals." According to Zou Zhongren, Vice President of Marketing at Tongxin Micro, "Tongxin Micro has always been committed to helping the financial payment industry shake off the constraint and control of foreign enterprises, as is attested by the recently introduced Linkai, a smart security chip OS with independent intellectual property. Today, the large-scale overseas application of Tongxin Micro’s chips for financial terminals represents another historic leap no matter for strengthening the global competitiveness of Tongxin Micro or improving the international position of made-by-China chips. This means that our chips can compete with foreign products in performance, and it is just on the horizon for Chinese chips represented by Unigroup’s products to go global.”

Regarding different consumption scenarios, Tongxin Micro has formed an intelligent and diversified product matrix based on our deep expertise in financial terminals in combination with industry applications. THM36 is one of the star products. Adopting financial-grade protection technologies, THM36 supports mainstream international and Chinese cryptographic algorithms, and provide rich external interfaces. With several authoritative certifications such as PCI 6.X, THM36 series of chips can be used by POS machines, payment terminals and password keyboard, code scanning devices and fingerprint identification. Therefore, it is widely recognized by well-known terminal equipment manufacturers at home and abroad. THM36 refreshes the awareness and enhances the demands of many overseas users for Chinese chip brands.

In fact, as the bridgehead of Guoxin Micro's overseas business, Tongxin Micro has been focusing on exploring overseas markets for made-by-China chips and has made great progresses in driving China’s financial technologies to go global. On the one hand, Tongxin Micro actively responds to the Belt and Road Initiative and has launched a number of customized solutions in line with local characteristics, helping Chinese chips go to the overseas markets; on the other hand, Tongxin Micro has been constantly developing and upgrading high-security, high-reliability, high-tech "super financial chips”, and gradually building a global marketing network to enhance the position of Chinese brands in the world.

Looking into the future, Tongxin Micro will take a more open attitude to introduce strategic partners, strive to develop more world-class financial products, continue to expand the ecological system of super financial chips, and strengthen omni-channel and full-contact service capabilities. In this way, Guoxin Micro will make contributions to helping the overseas exposure of Chinese chips and ensuring the stable and efficient operation of global financial platforms.