benzinga.com · May 8, 2026 12:40 PM UTC

Baidu AI Chip Arm Eyes $14.6 Billion Hong Kong IPO - Baidu (NASDAQ:BIDU)

Summary

Baidu's AI chip unit Kunlunxin targets a $14.6B Hong Kong IPO. BIDU shares jump 4.6% as China's semiconductor momentum builds.

Original reporting