US EditionAlibaba 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.
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60 Articles
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