-
On Thursday, Shanghai-based RISC-V chip technology company StarFive said it had received a strategic investment from Chinese search firm StarFive. Baidu Inc (NASDAQ: BIDU) for an undisclosed amount.
-
StarFive has raised 1 billion yuan ($146.46 million) in financing to date, calling it a record for the domestic RISC-V sector, Reuters reported. report.
-
The investment reflects a growing trend by Chinese tech giants to pour resources into RISC-V, an open-source technology that some analysts say is less susceptible to commands. US sanctions.
-
Also read: Baidu ChatGPT Partner Ernie Bot Impresses Analysts
-
StarFive CEO Xu Tao announced that StarFive will work with Baidu to deploy RISC-V products in data centers.
-
Experts say the technology and ecosystem around RISC-V is less advanced than RISC-V. Softbank Group (OTC: SFBF) (OTC: SFTBY) arm company limited And Intel Corporation (NASDAQ: INTC), dominated the use of ISA for mobile devices, personal computers, and server chips.
-
March, Alibaba Group Co., Ltd (NYSE: TORTOISE) chip unit T-Head and Alipay, payment service under Alibaba financial branch Ant’s nest share the plan to launch a computer chip for Secure payment based on RISC-V.
-
In 2019, Washington imposed an export embargo on China Huawei Technology Co., Ltd.
-
In late 2022, the United States introduced similar export restrictions on Chinese chip factories and research labs, sparking interest in China’s RISC-V.
-
Since November, Alibaba has been powering 20% of its operations with homebrew CPUs in 2025.
-
Price action: BIDU stock traded 3.44% higher at $153.76 on Thursday’s final check.
Don’t miss real-time alerts on your stocks – join Benzinga Pro free of charge! Try the tool that helps you invest smarter, faster and more efficiently.
this paragraph Baidu follows Alibaba, focuses on RISC-V chip to circumvent US embargo originally appeared on Benzinga.com
.
© 2023 Benzinga.com. Benzinga does not provide investment advice. Copyright Registered.
