Xin Lang Cai Jing·2026-01-23 01:49Core Viewpoint - Alibaba is preparing to advance the independent listing of its AI chip manufacturing subsidiary, T-Head, with plans for a restructuring that includes employee ownership, although the specific IPO timeline remains uncertain [1][4]. Group 1: Company Developments - Alibaba's stock opened nearly 4% higher and rose by 3.46% to HKD 170.50, with a trading volume of HKD 4.436 billion [1][4]. - T-Head, established in 2018, focuses on AI chips and RISC-V ecosystem technology, formed from the integration of acquired companies and internal teams [1][4]. - T-Head has launched several products, including the AI inference chip Han Guang 800, CPU Yitian 710, and AI chip PPU in the computing chip sector, as well as the SSD controller chip Zhen Yue 510 in the storage chip sector [1][4]. Group 2: Product Offerings - T-Head is reportedly planning to introduce additional networking chips and has established a comprehensive chip layout for data centers [1][4]. - The company has also launched the Yu Zhen IoT chip for edge computing, achieving shipments in the hundreds of millions, covering both cloud and terminal applications [1][4].