Chinese tech giants Alibaba and Baidu have taken stakes in local chipmaker Phytium Technology, according to information from data provider Tianyancha.
The information shows that Phytium closed a strategic financing round on Oct. 8, with investors including Alibaba and Baidu's investment and M&A division. The amount of that financing was not disclosed.
Founded in 2014, Phytium is a leading Chinese core chip provider dedicated to the design and development of high-performance, low-power general-purpose computing microprocessors.
The company aims to provide localized total solutions for information systems to support national information security and critical industrial safety.
By the end of 2020, the number of its ecological partners had exceeded 1,600, including 246 integrator partners, 516 hardware partners and 851 software partners.