Sou Hu Cai Jing·2026-01-22 11:32Core Viewpoint - Alibaba's U.S. stock (BABA.US) experienced a pre-market surge of over 5% following reports that the company plans to support the independent listing of its semiconductor subsidiary, Pingtouge, although the specific timeline remains unclear [1]. Group 1: Company Overview - Pingtouge, officially known as Pingtouge (Shanghai) Semiconductor Technology Co., Ltd., is a key player in Alibaba's semiconductor strategy [3]. - Established in 2018, Pingtouge was formed through the integration of Zhongtian Micro System Co., Ltd., acquired by Alibaba, and the chip team from DAMO Academy [3]. - Pingtouge's business encompasses a full-stack product series covering data center chips, IoT chips, and aims to achieve end-to-end design chain coverage for chips [3].