Baidu’s AI Chip Unit Kunlunxin Files Confidential IPO Plans in Hong Kong

Baidu’s artificial intelligence chip subsidiary, Kunlunxin, has confidentially filed for a Hong Kong initial public offering, marking a strategic step toward a potential spin off and separate listing. The AI chip designer  valued at roughly $3 billion after recent fundraising aims to tap investor interest in general purpose AI computing chips and related systems. The proposed listing could boost Kunlunxin’s ability to raise new capital and expand its market footprint as Chinese tech pushes for semiconductor self-sufficiency amid U.S. export restrictions.