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Kunlunxin, a subsidiary of Baidu, requires IPO investors to purchase its chips
6 hour ago /
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Author：小编
Chinese chip companies are exploring new customer groups for their semiconductor products—IPO investors. According to individuals who participated in Kunlunxin's recent investor roadshows and sources familiar with its listing plans, Kunlunxin Technology, an AI chip company controlled by Baidu, plans to go public in Hong Kong with a target valuation of US$50 billion. Roadshow participants stated that when soliciting investors for its IPO subscription, Kunlunxin will prioritize institutions that commit to purchasing its chips.
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