Baidu’s Chip Unit Kunlunxin Targets $50 Billion Hong Kong IPO — and Asks Investors to Buy Its Chips
The landscape of China’s domestic semiconductor industry is poised for a seismic shift as Kunlunxin, the artificial intelligence chip unit spun off from technology giant Baidu, targets a staggering $50 billion valuation in an upcoming Hong Kong initial public offering (IPO).