Baidu: AI Chip Unit IPO A Major Catalyst (NASDAQ:BIDU)

Core Viewpoint - Baidu is spinning off its semiconductor chip unit Kunlunxin and has filed for an IPO with the Hong Kong Stock Exchange [1] Group 1: Company Developments - Baidu's Kunlunxin is its semiconductor chip unit [1] - The IPO application has been officially submitted to the Hong Kong Stock Exchange [1]