Xin Lang Cai Jing·2026-01-23 00:31Core Viewpoint - Alibaba Group is preparing to advance the independent listing of its AI chip subsidiary, Pingtouge, with plans for internal restructuring and potential IPO exploration [1][3][4]. Company Overview - Pingtouge, established in 2018, focuses on AI chips and RISC-V ecosystem technology, formed from the integration of acquired companies and internal teams [5]. - The company has launched several AI chip series, including the "Hanguang" series and the "Yitian" series of general-purpose server CPUs, with significant deployment on Alibaba Cloud [2][5]. Market Context - The move aligns with a current trend of IPOs in the AI chip sector, with other companies like Baidu also pursuing similar strategies for their chip divisions [2][6]. - Recent reports highlighted the signing of projects involving 1,747 devices and 22,832 computing cards, with a total computing power of 3,579P, including significant contributions from Alibaba Cloud [5]. Product Development - Pingtouge's latest AI chip, PPU, is primarily aimed at inference scenarios, although it has recently been introduced and has limited external application news [2][5]. - Industry insiders have noted the performance of Pingtouge's chips as satisfactory, with a significant portion being utilized internally by Alibaba [2][5].