Destination

2026-01-02

Baidu's in-house chip unit Kunlunxin joins wave of Chinese AI firms heading for Hong Kong IPO

An investigation by the New York Times shows that despite US export restrictions, there is a lively trade in advanced AI chips in China. Dozens of suppliers in Shenzhen are doing business worth over 100 million dollars in some cases.


Baidu's chip unit Kunlunxin has filed for a Hong Kong IPO, joining a wave of Chinese AI companies going public as the country pushes to build its own semiconductor industry.


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