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In an effort to minimize dependence on US technology, China e-commerce and tech giant Alibaba announced this week it would be developing its own artificial intelligence chips for powering cloud computing and internet-connected devices. Alibaba and most other Chinese companies were apparently spooked by what happened to ZTE, which was temporarily “brought to its knees” by the US Commerce Department’s ban this summer.
"The market for chips is controlled by America ... and suddenly if they stop selling, what that means, you understand," Ma told university students in Tokyo in April. "That's why China, Japan and any country — you need core technologies." Ma's remarks came shortly after the US Commerce Department blocked American companies from selling parts to ZTE (ZTCOF), a Chinese tech company that relied on US suppliers, including chipmakers, to manufacture smartphones and telecommunications equipment.
"The market for chips is controlled by America ... and suddenly if they stop selling, what that means, you understand," Ma told university students in Tokyo in April. "That's why China, Japan and any country — you need core technologies." Ma's remarks came shortly after the US Commerce Department blocked American companies from selling parts to ZTE (ZTCOF), a Chinese tech company that relied on US suppliers, including chipmakers, to manufacture smartphones and telecommunications equipment.