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image: Alibaba

Alibaba acquires Chinese microchip maker to boost its IoT business

April 20, 2018

E-commerce titan Alibaba Group Holding has bought a Chinese microchip maker to further its cloud-based “internet of things” (IoT) business, underscoring its commitment to the chip industry, an Alibaba spokeswoman said on Friday.

The announcement comes days after the United States banned American firms from selling chips and other components to Chinese telecoms company for seven years, a move that rekindled discussion in China about the need for self-sufficient tech supply chains.

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