Alibaba to set up new semiconductor firm to develop own chips

Doris Richards
September 21, 2018

The head of Alibaba garnered much attention at the beginning of past year after making an ambitious pledge after a meeting Ma had with Donald Trump, who at that time was the president elect. "The situation now has completely destroyed our premise, so it can no longer be completed".

The promise Ma said was based upon friendly U.S.

Hanghzhou: China's e-tail giant Alibaba's computing arm would help Kenya to protect its wildlife in Africa using its cloud services, said an official at a technology conference here on Wednesday. Rather, he spoke about trade stimulating by helping small businesses in the USA sell products they have to consumers in both China and other Asian nations.

Ma, expected to step down as Alibaba chairman in a year, predicted on Tuesday that trade frictions would lead to "a mess" for all parties involved.

"Trade is not a weapon and can not be used for wars", he added.

Ma's bold promise following his January 2017 meeting at Trump Tower was greeted with scepticism by analysts at the time, who said the move was more about good PR than substance.


Trade analysts and business groups warn that the USA duties and retaliatory tariffs that China imposes on US products will drive up costs and harm consumers in the long run.

Alibaba Group senior vice president and Alibaba Cloud president Simon Hu says the company's solutions will exceed the cloud computing needs of enterprises with greater flexibility and data deployment options.

Alibaba has established a quantum computing laboratory now proceeding with 81-bit random quantum network simulation, and plans to release standard quantum chips in the next 2-3 years, Zhang was cited as saying.

Trump on Monday imposed 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated. He therefore called upon entrepreneurs to be prepared for a 20-year-long dispute, as it "cannot be solved within two months or two years".

Trump on Monday imposed 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the US action.

Analysts already had expressed much doubt about Ma's pledge, which was announced by Alibaba after Ma and Trump met in NY at the Trump Tower in January of 2017.

Other reports by Iphone Fresh

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