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Technology Stocks : Alibaba Group Holding Limited
BABA 170.43-2.0%Oct 31 9:30 AM EDT

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From: Julius Wong10/18/2021 6:04:23 PM
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Alibaba reportedly set to premiere its own server chips


Oct. 18, 2021 10:19 AM ET Alibaba Group Holding Limited (BABA) ARMHF, AAPL, QCOM, NVDA By: Rex Crum, SA News Editor 57 Comments

maybefalse/iStock Unreleased via Getty Images

Chinese Internet giant Alibaba (NYSE: BABA) is reportedly close to expanding into semiconductors, and may introduce its first server chips as early as this week.

The Chinese financial news outlook Caixin reported that Alibaba ( BABA) has been developing server chips based on technology from British semiconductor company Arm Holdings ( ARMHF). Alibaba founded its own chip-making subsidiary in 2018, and is said to have been working on its own chips since 2019.

Alibaba will reportedly debut the server chips at a company conference this week.

Like many other Chinese companies, Alibaba ( BABA) has been investing in semiconductor design as a means of reducing expenses in chip manufacturing. Arm ( ARMHF) is known for licensing its technology to numerous tech companies such as Apple (NASDAQ: AAPL) and Qualcomm (NASDAQ: QCOM), and it is currently in the process of being acquired by Nvidia (NASDAQ: NVDA) for $54 billion. Nvidia has recently offered more concessions to European Union regulators in an effort to alleviate EU antitrust concerns about the proposed deal.

Last week, Alibaba ( BABA) Chairman Jack Ma gained attention by appearing publicly in Hong Kong for the first time since making critical comments about Chinese governmental business regulators in late 2020.
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