Alibaba chip unit T-Head triples capital amid AI hardware bet

South China Morning Post - Jun 23, 2026

Alibaba Group Holding’s chip design unit T-Head has more than tripled its capital base, as the tech giant doubles down on efforts to become a domestic semiconductor powerhouse amid the artificial intelligence boom and China’s chip self-sufficiency drive. Shanghai-headquartered T-Head last week increased its registered capital to 1 billion yuan (US$148 million) from 300 million yuan, according to information released by Chinese corporate registry data provider Qichacha. The capital injection, the...

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Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos

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Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...

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CXMT shares fall 7.8% despite blockbuster earnings figures

CXMT shares fall 7.8% despite blockbuster earnings figures

Chinese memory chip giant ChangXin Memory Technologies (CXMT) saw its shares fall more than 8 per cent in early Monday trading, despite forecasts of strong profits and plans for a share buy-back amid a global sector-wide market rout. CXMT shares dropped 7.8 per cent on Monday to close at 41.52 yuan. The company’s stock surged to a peak of 61.8 yuan in August – up as much as 614 per cent from its initial public offering price of 8.66 yuan in July – before paring back gains. The market reaction...

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The AI promise was automation. The reality? Managing digital workers

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When artificial intelligence agents first arrived, they came with a tantalising promise: autonomous “digital workers” that would finally free humans from corporate drudgery. As businesses across Asia are discovering, however, the reality is quite the opposite – more work, new friction and a whole new layer of management. When Xiao Mengjie, an AI product marketing manager at a Big Tech firm in Shanghai, recently assigned two AI agents what she described as a simple task, she expected efficiency....

China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts

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China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts

China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts

China’s proposed export bans and controls of artificial intelligence technologies aim to tighten Beijing’s grip in the strategically vital sector, casting a cloud over the commercial prospects of domestic model developers in the global AI race, analysts say. The new measures come as concerns mount globally over the risks of advanced AI systems, following a string of recent cyberattacks, while also underscoring AI’s growing national security importance for both Beijing and Washington. Zhang Yi,...

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