Xin Lang Cai Jing·2026-01-23 06:32Core Viewpoint - Alibaba Group is preparing to restructure its chip manufacturing division, Pingtouge, into an independent company with employee stock ownership, considering a future IPO, with specific timing yet to be determined [1] Group 1: Company Strategy - Alibaba has committed to invest over $53 billion in infrastructure and artificial intelligence development, with the chip business being a crucial part of its strategy to build a leading AI company [1] - The planned independent listing of Pingtouge is expected to accelerate the upgrade and iteration of domestic AI chips, driving value release and ecological synergy across the entire supply chain, including chip design, foundry, packaging, testing, and system integration [1] Group 2: Market Impact - The domestic AI chip-related ETF with the highest relevance is the E Fund (589030), which tracks the Shanghai Stock Exchange Science and Technology Innovation Board Chip Design Theme Index, where digital chip design accounts for 76.3% of the weight, positioning it to benefit from the upward trend of the domestic AI chip industry [1]