Chinese Alibaba grows large. The Chinese e-commerce organization Alibaba Group Holding Ltd has acquired a chipmaker company. The chipmaker company is also a Chinese corporation named Hangzhou C-SKY Microsystems.
cloud-based “Internet of things” (IoT) business
Alibaba wants to underpin its cloud-based “Internet of things” (IoT) business, according to a company spokesperson.
The spoke person further said in a statement, “Alibaba aims to empower different industries through our cloud-based IoT solutions, in which chips play a significant role. The acquisition of Hangzhou C-SKY Microsofts, a leading Chinese supplier of embedded CUP cores, underlines our commitment to driving the development of the chip industry”. By referring the central processing unit Reuters reported the news. In fact, Alibaba did not expose the terms of the acquisition. Hangzhou C-SKY Microsystems is an integrated circuit design house.
C-SKY developed 7 types of CPUs covering applications including IoT, digital audio and video, information security, network and communications, industrial control and automotive electronics.
As a matter of fact, this is Alibaba’s first takeover in the chip industry. Nonetheless, the e-commerce giant has so far invested in several chip companies. The company announced its own Ali-NPU chip which will provide services for business through the Ali cloud.
However, questions appear over the future of Alibaba’s cloud service Ali Cloud in the US. Certain experts believe that the US will fight back against Beijing’s requirement that foreign cloud-computing firms. To exemplify, Amazon and Microsoft form joint operations with Chinese companies and license their technology.