Zhi Tong Cai Jing·2026-01-23 01:07Core Viewpoint - Alibaba is preparing to spin off its AI chip manufacturing subsidiary, T-Head, into an independent entity with plans for an initial public offering (IPO) in the future, although the specific timeline remains uncertain [1] Group 1: Company Overview - T-Head Semiconductor Co., Ltd. was established in September 2018 as Alibaba's wholly-owned semiconductor chip business, covering a full-stack product series including data center chips and IoT chips [1] - T-Head has launched several AI inference chips, including the Hanguang 800, CPU Yitian 710, and AI chip PPU, as well as SSD controller chip Zhenyue 510 in the storage chip sector [1] - The company has also announced plans to release network chips and has achieved significant shipments of its edge-side YuZhen IoT chips, covering both cloud and terminal applications [1] Group 2: Industry Context - Baidu, another major internet giant, has also announced plans to spin off its Kunlun chip division, with a listing application submitted to the Hong Kong Stock Exchange for approval to list Kunlun shares on the main board by January 1, 2026 [1]