Alibaba acquires Chinese microchip maker Hangzhou C-SKY Microsystems

Alibaba Group acquired Hangzhou C-SKY Microsystems, a Chinese supplier of embedded CPU cores, to boost its cloud-based IoT business. Alibaba increased its stake to 100%.

“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.”venturebeat.com

• 1 source
• venturebeat.comAlibaba acquires Chinese microchip maker to boost its IoT businessReutersApr 20, 2018

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