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China forms semiconductor alliance as Alibaba, CXMT join launch of huge fund

Major Chinese technology companies and state-backed investment institutions have launched a 3.91 billion yuan long-term investment fund in response to tighter U.S. technology export controls. The Changzhi Hanhai Private Investment Fund, registered in Shanghai’s Pudong New Area, aims to supply “patient capital” to support research, development and commercialisation in deep-tech fields such as semiconductors. Investors include CXMT-related entities, Alibaba affiliates and AMEC, alongside state-backed funds.

AI & Enterprise

Alibaba unveils in-house AI chip Zhenwu M890, speeds up push to replace Nvidia amid U.S.-China tensions

Alibaba unveiled its new artificial intelligence chip, the Zhenwu M890, stepping up competition in China to replace Nvidia chips as U.S. curbs on semiconductor exports to China continue. It also introduced a server system and a large language model at an Alibaba Cloud Summit. The company disclosed a roadmap for follow-on chips and said its T-Head unit has supplied more than 560,000 Zhenwu chips to over 400 customers.

AI & Enterprise

Nvidia makes first delivery of Vera CPU for AI agents, including SpaceX and OpenAI

Nvidia has supplied initial volumes of its first in-house CPU for AI agents, called Vera, to SpaceX. BeInCrypto reported Nvidia also delivered early Vera silicon directly to OpenAI, Anthropic and Oracle Cloud. The company described Vera as its first processor marking an expansion of its GPU-led AI infrastructure business into CPUs. Vera includes 88 Olympus cores and supports up to 1.2 TB/s memory bandwidth, Nvidia said.