百度旗下AI芯片昆仑芯提交港股IPO申请 技术迭代与市场拓展齐头并进

Core Insights - Baidu's Kunlun Chip has submitted its listing application to the Hong Kong Stock Exchange, marking a significant step in its capital market journey [1] Group 1: Company Overview - Kunlun Chip, originally Baidu's intelligent chip and architecture department, has been focused on AI acceleration since 2011, building a strong technical foundation [3] - The company completed its first round of independent financing in April 2021, achieving a valuation of approximately 13 billion RMB, while remaining under Baidu's control [3] Group 2: Financial Performance - In the second half of 2025, Kunlun Chip successfully raised $283 million, equivalent to about 2 billion RMB, with participation from multiple private investors, including funds related to China Mobile [3] - The latest valuation of Kunlun Chip has risen to approximately 21 billion RMB following this financing round [3] Group 3: Technological Advancements - Kunlun Chip has evolved through three product iterations, achieving full coverage from model inference to training, and supporting scalable deployments from single machines to large clusters [3] Group 4: Market Expansion - In August 2025, Kunlun Chip secured a significant order in a centralized procurement project with China Mobile, ranking first in all three bidding packages, further solidifying its leading position in the AI chip market [3] Group 5: Product Development - At the Baidu World Conference in November 2025, Kunlun Chip unveiled its five-year product roadmap, with the M100 set to launch in early 2026, and additional products planned for release from 2026 to 2030 [4]