Alibaba and Ant venture to launch RISC-V chips for payments

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Alibaba and Ant venture to launch RISC-V chips for payments
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Alibaba Group Holding's chip unit T-Head and Alipay, the payment service under Alibaba's financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said.

In 2019, Washington imposed export restrictions on China's Huawei Technologies Co Ltd , which threw the company's access to ARM designs in limbo.

In late 2022, the United States launched similar export restrictions on Chinese chip fabs and research labs. Against this backdrop, the enthusiasm for RISC-V in China has grown, with more and more Chinese companies joining consortiums for the architecture. At Thursday's event, Ni Guangnan, a renowned computer scientist at the Chinese Academy of Engineering, described China as the "backbone" of RISC-V.

"China's chip industry and the entire chip ecosystem will increasingly focus on the RISC-V architecture," he said, according to media reports.

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