独家丨昆仑芯完成股改，有望在2026年上半年港股上市

Group 1 - Kunlun Chip's revenue is expected to reach nearly 2 billion yuan in 2024, placing it among the top tier in China, with a record-breaking revenue anticipated in 2025 [3] - The company has undergone a name change to Kunlun Chip (Beijing) Technology Co., Ltd., and is preparing for a potential listing in Hong Kong, with the fastest possible listing date projected for the first half of 2026 [2] - Kunlun Chip's valuation reached approximately 13 billion yuan after its first round of financing in 2021, and after the D round of financing in July 2025, its post-investment valuation is around 21 billion yuan [3] Group 2 - The company has established a 32,000-card domestic computing power cluster and won a large-scale procurement project from China Mobile for 2025 [3] - Kunlun Chip's core team has over ten years of collaboration, with significant technical accumulation in chip architecture, software ecology, and cluster systems [3] - Industry experts highlight Kunlun Chip's advantage over other domestic AI chip teams due to its strong software background, emphasizing that the success of chip companies ultimately depends on software [3]