Renesas partners with Alibaba to strike gold in the China IoT market
Date: 2018-09-27   Author: Saif Ali Bepari  Category: #market

Renesas partners with Alibaba to strike gold in the China IoT market

Renesas Electronics Corporation, a Japanese semiconductor manufacturer, has reportedly made it to the headlines for its partnership with Alibaba Group Holding, the Chinese multinational conglomerate. The collaboration is aimed at helping manufacturers by building machines that could network with one another via the internet of things.

According to sources familiar with the knowledge of the matter, as a part of this partnership, Renesas Electronics would supply microcontrollers compatible with the IoT operating system created by Alibaba Cloud, the cloud computing business division of Alibaba Group Holding.

Alibaba Cloud incidentally, is the chief cloud service provider in China, which had approximately 45 percent market share in 2017, as stated by IDC, the U.S. based market research organization.  

For the uninitiated, Renesas Electronics sells microcontrollers that operate with Amazon.com’s cloud services and various other platforms, although this is the first time the company is collaborating with a China-based cloud computing organization.

As stated by a representative of Renesas Electronics, partnering with Alibaba Cloud is a necessity for the company to penetrate the Chinese market concerning networked devices technology.

As per industry experts, the internet of things is of primary importance in Beijing's - Made in China 2025 - plan for revolutionizing its manufacturing sector. IDC predicts that by 2020 Chinese expenditure in the industrial IoT would rise to $127.5 billion.

Reportedly, Renesas Electronics has started a store on the Alibaba owned TMall e-commerce platform, the biggest of its kind in China. This would add impetus to the Japanese company’s growth in the region, which is struggling to make customers through prevailing sales channels, cite trusted sources.

Lately, Alibaba Cloud has made it to the headlines over the development of internet-of-things computing platform in collaboration with Intel, which will make it easier for businesses to accomplish compute-intensive jobs like training machine learning and artificial intelligence mockups at the edge of a network.



About Author


Saif Ali Bepari

Saif Ali Bepari

Saif currently works as a content writer at Algosonline. A Computer Science graduate who has a zest for writing over coding, commenced his journey in the writing industry as a freelancer. Having had a prior freelance experience, he has tinkered with creative writing, ...

Read More

More from Saif


Post Recommendents

Global Textile Market Outlook 2023: Top Companies, Trends, Growth Factors Details by Regions, Types and Applications
Author: Partha Ray

Market Study Report provides a detailed overview of Textile market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Textile market in conjunction with the geographical landscape, dema...


Global Toiletries Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2023
Author: Partha Ray

Market Study Reports research on Toiletries market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential...


Sporting Goods Market Size, Development, Key Opportunity, Application & Forecast to 2023
Author: Partha Ray

Market Study Report has added a new report on Sporting Goods market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamic...