“港股芯片”战队又添猛将！百度旗下AI芯片公司拟港股IPO？港股信息技术ETF（159131）涨超1%冲击连阳

Core Viewpoint - The Hong Kong stock market is witnessing a strong performance in the chip industry, highlighted by the launch of the first ETF focused on the Hong Kong chip sector, which has shown significant trading activity and price increases [1][8]. Group 1: ETF Performance - The Hong Kong Information Technology ETF (159131) experienced a price increase of 1.07%, reaching a trading volume of over 66 million CNY, indicating active market participation [1][8]. - The ETF is designed to track a composite index consisting of 70% hardware and 30% software, focusing on semiconductor, electronics, and computer software sectors [4][11]. Group 2: Company Developments - Baidu's Kunlun Chip division plans to conduct an IPO in Hong Kong, with a recent valuation of 21 billion CNY (approximately 2.97 billion USD) [2][10]. - Kunlun Chip has launched two new AI chip products, M100 and M300, with M100 focusing on inference and set to launch in early 2026, while M300 will support both training and inference, expected in early 2027 [3][10]. Group 3: Market Context - The demand for domestic AI chips in China is increasing due to the ongoing push for self-sufficiency in semiconductor technology, especially following U.S. policies that have limited access to foreign technology [3][10]. - Other Chinese AI chip companies are also seeking to go public, with recent successful IPOs indicating a robust market for domestic semiconductor firms [3][10].