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Baidu's Kunlunxin Aims for $50B IPO, Transforming AI Chip Market

Investors have been asked to ‌buy chips ⁠with ⁠a value three to seven times the worth of their planned subscription in Kunlunxin's initial public offering shares, the report said.

#ai chip#kunlunxin#baidu#ipo#india-specific

· · The Next Web

Baidu's Kunlunxin Targets $50 Billion IPO, Driving Semiconductor Innovation

Baidu’s AI chip unit Kunlunxin is planning to go public in Hong Kong at a target valuation of $50 billion, The Information reported on Sunday. In an unusual twist, the company asked prospective IPO investors to also commit to purchasing its semiconductors, according to the report. Reuters could not

#kunlunxin#baidu#semiconductors#ai chips#india tech