Alibaba plans Hong Kong public offering for T-Head

Chinese e-commerce giant Alibaba plans to spin off and publicly list its semiconductor subsidiary, T-Head, on the Hong Kong Stock Exchange. The move comes as Chinese tech firms increasingly develop homegrown semiconductors amid U.S. chip restrictions.

Alibaba announced that the Hong Kong Stock Exchange will allow the spin-off of its chip-making subsidiary, T-Head, through a public offering of shares. The company filed confidentially for the listing on September 11, though the specific date and size of the offering remain undisclosed and are subject to regulatory approval. T-Head is part of Alibaba's broader push into developing homegrown artificial intelligence semiconductors, highlighted by the recent release of its Zhenwu V900 AI chip. These domestic efforts arrive as Chinese technology companies navigate tightening U.S. restrictions on accessing advanced Western chips.

Alibaba seeks Hong Kong public offering for semiconductor unit T-Head