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Story summary
- Kunlunxin, Baidu's AI chip unit, plans a Hong Kong IPO, filing by early 2026.
- The company is valued at 21 billion yuan and raised over 2 billion yuan from investors.
- The move aligns with China's push for domestic semiconductors amid U.S. export restrictions.
- Kunlunxin expects over 3 billion yuan in revenue this year, with most external sales.
- The company introduced AI chips P800, M100, and M300 for data center projects.
