Alibaba chip unit T-Head files Hong Kong IPO plan amid China’s AI self-sufficiency drive

AI Summary

Alibaba’s chip-design subsidiary T-Head has confidentially filed plans for an IPO in Hong Kong, though the offering’s size and structure remain undecided. The potential listing comes as China advances technological self-sufficiency and competition with the United States intensifies.

Alibaba Group Holding’s chip design unit T-Head has filed for an initial public offering (IPO) on a confidential basis in Hong Kong, the company said in a stock-exchange filing on Tuesday evening, setting up a high-profile listing in the city amid rising competition between the US and China as the latter continues its push for tech self-sufficiency. The size and structure of the listing were not finalised. A wholly owned subsidiary of Alibaba, T-Head provides full-stack data centre chips,...