A view of the headquarters of the Alibaba Group in Hangzhou, Zhejiang Province, China, October 26th, 2020. Picture from October 26th, 2020. REUTERS / Aly Song – RC2QQJ90JVKP

HONG KONG, Oct 19 (Reuters Breakingviews) – Alibaba (9988.HK) offers a promising insight into China’s chip manufacturing potential. The $ 450 billion e-commerce group unveiled on Tuesday Continue reading a processor developed in-house for its rapidly growing cloud computing unit. The chip, which supplies the own data center server with power, has the latest technology. It’s a strategic win if China’s leading cloud provider doesn’t depend on US chip designers like Intel (INTC.O). Amazons (AMZN.O) AWS introduced its own processor three years ago.

Alibaba is part of a growing cohort of tech companies in the People’s Republic who venture further into the semiconductor industry, spurred in part by President Xi Jinping’s goal of becoming self-sufficient in high-tech sectors. In August, the search engine operator Baidu (9888.HK) announced that the fair has started …

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