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Alibaba Acquires Chipmaker C-SKY Microsystems

Alibaba Acquires Chipmaker C-SKY MicrosystemsAlibaba 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.

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