Alibaba’s Strategic Chip Procurement Fuels AI Ambitions

Reports emerged this week indicating that Chinese technology conglomerate Alibaba is negotiating a substantial purchase of advanced semiconductors from AMD. The potential order, said to be for 40,000 to 50,000 MI308 accelerator units, highlights the company’s aggressive push to expand its cloud computing and artificial intelligence infrastructure. Alibaba’s shares demonstrated stability following the news, trading at approximately €128.60.

This move comes shortly after the United States eased export restrictions on certain high-performance chips destined for China. Alibaba appears to be strategically leveraging this updated regulatory window to upgrade its data center capabilities. Notably, the company’s procurement strategy involves multiple suppliers; it had already expressed interest in Nvidia’s H200 chips Read more...