Alibaba Acquires Chipmaker C-SKY Microsystems
Alibaba Acquires Chipmaker C-SKY Microsystems

Alibaba Acquires Chipmaker C-SKY Microsystems

Alibaba Acquires Chipmaker C-SKY Microsystems

Chinese e-commerce firm Alibaba Group Holding Ltd has acquired Chinese chipmaker Hangzhou C-SKY Microsystems to underpin its cloud-based “Internet of things” (IoT) business, an Alibaba spokeswoman said on Friday. “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 Microsystems, a leading Chinese supplier of embedded CPU cores, underlines our commitment to driving the development of the chip industry,” the spokeswoman said in a statement, referring to central processing units, Reuters reported. Alibaba did not disclose the terms of the acquisition. Hangzhou C-SKY Microsystems is an integrated circuit design house. The company has developed 7 types of CPUs covering applications including IoT, digital audio and video, information security, network and communications, industrial control and automotive electronics.

Short URL : https://goo.gl/FaCvWT
  1. https://goo.gl/s2vy8R
  • https://goo.gl/uuMxvt
  • https://goo.gl/6BnTNG
  • https://goo.gl/BVHqF4
  • https://goo.gl/Dmcstv

You can also read ...

Export Billet Prices Increase on Reduced Availability
Iranian export billet prices increased by $5-10 per ton over...
Facebook Lures Google Engineer to Head Its Own Chip Development
Facebook Inc. has sent another signal that it is serious about...
New MacBook Features Dust-Repelling Keyboard
Apple’s new MacBook Pro keyboards are slightly quieter than...
US Confiscates 500 Iranian Bitcoins
The US federal government confiscated at least 500 Bitcoins...
Copper Concentrate Output Up 11%
Copper concentrate produced by major Iranian copper firms...
Tehran to Host Startup Week
Attended by fintechs and startups, Tehran is to host a week-...
The private sector completed the construction of 52,081 buildings in H1 2017-18 across all urban areas
The latest data disclosed by the Central Bank of Iran show...
Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
Foreign exchange rates in the unofficial market registered...

Add new comment

Read our comment policy before posting your viewpoints