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September 19, 2018 11:20 pm

Alibaba To Set Up New Chip Company Amid Fear of US Tech Dependency

hackingbear shares a report from CNN: China's biggest tech firm announced Wednesday that the new [semiconductor] business will develop artificial intelligence chips for cloud computing, internet-connected devices and other sectors. Alibaba's chief technology officer, Jeff Zhang, said the e-commerce company's advantages in algorithms and data put it in "a unique position to lead real technology breakthroughs in disruptive areas, such as quantum and chip technology." "The market for chips is controlled by America ... and suddenly if they stop selling, what that means, you understand," Alibaba Executive Chairman Jack Ma told university students in Tokyo in April. "That's why China, Japan and any country -- you need core technologies." Ma's remarks came shortly after the U.S. Commerce Department blocked American companies from selling parts to ZTE, a Chinese tech company that relied on U.S. suppliers, including chipmakers, to manufacture smartphones and telecommunications equipment. Slashdot reader hackingbear adds: "The since-lifted ban woke up China to the (political) risks of dependence on American technologies, just like the U.S. is afraid of dependency on Chinese rare earth products which account for ~80% of world's supplies."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/IwW-SWu43L8/alibaba-to-set-up-new-chip-company-amid-fear-of-us-tech-dependency

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