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

Date: 2018-09-27   Author: Shikha Sinha  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


Shikha Sinha linkdin-boxtwitter

Shikha Sinha

Shikha currently manages the content team at AlgosOnline. An electrical & electronics engineer by education, she has prior experience in content & technology writing, content marketing, market research, and business development domains. Her other interests inc...

Read More

Post Recommendents

3D Visualization System Market Professional Survey 2021 by Manufacturers, Share, Growth, Trends, Types and Applications, Forecast to 2027

Author: Ashwin Naphade

The and United States 3D Visualization System Market Forecast Report provides details analysis of and United States 3D Visualization System industry which will accelerate your business. and United States 3D Visualization System market report cover...


3D Systems Market Share, By Product Analysis, Application, End-Use, Regional Outlook, Competitive Strategies & Forecast up to 2027

Author: Ashwin Naphade

and China 3D Systems Market Trends covers the companies’ data including Growth potential analysis, Industry segmentation, Business trends, Growth drivers, Price trend analysis. The Report also Gives Detail Analysis on Market concern Like an...


Cinema Ticketing System Service Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2027

Author: Ashwin Naphade

and United States Cinema Ticketing System Service Market report provides key statistics on the market status of the and United States Cinema Ticketing System Service Industry and is a valuable source of guidance and direction for companies and in...