Alibaba Group Holding has acquired 100% of Hangzhou C-SKY Microsystems Co., Ltd., an integrated circuit design house, in a move to expand the tech giant’s chip development capabilities, according to local Chinese media. The news comes amid calls for China to accelerate its ongoing campaign to gain self-reliance in key technology, especially semiconductors, following a U.S. ban on companies selling equipment to Chinese telecom company ZTE Corp. Alibaba didn’t immediately responded to China Money Network’s email seeking comment. Founded in 2001, …
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