Alibaba AI chip unit T-Head files for Hong Kong IPO

Alibaba said T-Head submitted a confidential Form A1 application on September 11 after the Hong Kong Stock Exchange cleared the company to proceed with the proposed spin-off. The offering size, structure and Alibaba’s stake after listing have yet to be determined; the listing remains subject to regulatory approvals.

Founded in 2018, T-Head is part of Alibaba’s effort to build in-house AI and computing capabilities. Alibaba said a separate listing could let investors value T-Head and its core businesses independently, while helping the chipmaker raise capital and strengthen ties with customers, suppliers and strategic partners.

In September, Alibaba unveiled T-Head’s Zhenwu V900 AI processor, which it said delivers three times the performance of its previous-generation chip and would support training and inference for next-generation AI models.