Alibaba on Tuesday announced a new Arm-based chip that will power the cloud computing giant’s data centers. Known as Yitian 710, the chip features the most advanced 5-nanometer semiconductor technology. The chip is the third semiconductor Alibaba has introduced since 2019. Developed by Alibaba’s chip unit T-Head, the chip will only be available to the company’s data centers and will not be commercially available. Alibaba is China’s largest cloud computing provider by market share. [Bloomberg]