Alibaba Group Holding’s chip design unit T-Head has filed for an initial public offering (IPO) on a confidential basis in Hong Kong, the company said in a stock-exchange filing on Tuesday evening, setting up a high-profile listing in the city amid rising competition between the US and China as the latter continues its push for tech self-sufficiency.
The size and structure of the listing were not finalised.
A wholly owned subsidiary of Alibaba, T-Head provides full-stack data centre chips, enabling system-level compute solutions in China. Following completion of the proposed spin-off, it is expected to remain a subsidiary of Alibaba.