Hong Kong (CNN Business)Alibaba is setting up its own company to make computer chips as China seeks to cut its dependence on foreign technology.
China’s biggest tech firm announced Wednesday that the new 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.”
Alibaba (BABA) has previously made several investments in chipmakers. Earlier this year, it bought C-Sky, a Chinese chip design firm.
Alibaba Executive Chairman Jack Ma has been vocal about addressing China’s heavy reliance on foreign-made chips.