Jin Rong Jie·2026-01-23 10:01Group 1 - Alibaba is planning to restructure its semiconductor company T-Head and support its future independent listing, which led to a more than 5% increase in Alibaba's stock price in pre-market trading [1] - T-Head Semiconductor was established in September 2018, integrating the previously acquired Zhongtian Micro Systems and Alibaba's internal chip team, offering a full-stack product system covering both cloud and terminal applications [1] - T-Head has launched several chips, including the Yitian 710 server chip and the Hanguang 800 AI inference chip, achieving a comprehensive layout from design to application [1] Group 2 - The split plan for T-Head is seen as a significant step in Alibaba's acceleration of its AI self-research system, with Alibaba's CEO announcing an investment of over 380 billion yuan in cloud and AI hardware infrastructure over the next three years [3] - T-Head, as Alibaba's AI chip developer, is expected to become a key support for Alibaba's long-term competitiveness in the AI era, with the spin-off providing greater flexibility in incentive mechanisms, financing capabilities, and external collaborations [3]