Alibaba buys Chinese chipmaker to aid IoT biz, help drive local chip sector

Forums General News (General) Alibaba buys Chinese chipmaker to aid IoT biz, help drive local chip sector

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      #News(General) [ via IoTForIndiaGroup ]


      The Chinese e-commerce giant had previously invested in Hangzhou C-SKY Microsystems and was now taking its stake to 100 percent, in line with an interest in the chip industry articulated late last year, said a person familiar with the matter who declined to be identified as the matter was private.

      The person did not believe the acquisition was connected to current trade tensions between China and the United States involving tit-for-tat tariffs.


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