US EditionPublished • loading... • Updated
Alibaba to Plan IPO for AI Chipmaking Unit T-Head, Bloomberg News Reports
- On Thursday, Bloomberg News reported Alibaba Group Holding Limited is preparing to list T-Head Semiconductor, its chip unit, after restructuring it into a business partly owned by employees.
- Alibaba has been investing heavily in AI and cloud, committing more than $53 billion in the past year and expanding chip design to secure supply for T-Head Semiconductor supporting its data centres and cloud services.
- Premarket trading showed Alibaba ADRs up 5% and US-listed shares rose 4.6% on Thursday, while Moore Threads Technology jumped 400%+ after raising $1.13 billion.
- The process is still at an early stage, and Reuters could not immediately verify the Bloomberg News report, underscoring China’s tech race amid tightening export controls and rising Nvidia alternatives demand.
- Across the sector, Baidu Inc. is advancing plans to spin off Kunlunxin with a Hong Kong IPO that could raise up to $2 billion, retaining about 59% ownership amid rising competition from rivals like Moore Threads Technology.
Insights by Ground AI
Podcasts & Opinions
28 Articles
28 Articles
Nvidia may have picked up a win in China. So why isn’t the stock surging?
Few investors are banking on steady China business for Nvidia, even as a report says Beijing will allow sales to big customers in the key market. Article Attribution | Read More at Article Source The post Nvidia may have picked up a win in China. So why isn’t the stock surging? appeared first on RocketNews.
Times of IndiaReposted by 
The Economic Times
The Economic TimesAlibaba to plan IPO for AI chipmaking unit T-Head: Report
Alibaba's US-listed shares rose 4.6% premarket after the report. As a first step, Alibaba plans to restructure the unit as a business partly owned by employees before exploring an initial public offering, though the timing remains unclear, the report said.
·India
Read Full ArticleCoverage Details
Total News Sources28
Leaning Left3Leaning Right4Center4Last UpdatedBias Distribution37% Center, 36% Right
Bias Distribution
- 37% of the sources are Center, 36% of the sources lean Right
37% Center
L 27%
C 37%
R 36%
Factuality
To view factuality data please Upgrade to Premium
