Alibaba's T-Head Plans 2027 Hong Kong IPO, Aims to Raise at Least $2–3 Billion
Alibaba's semiconductor subsidiary T-Head plans to IPO in Hong Kong in 2027, aiming to raise at least US$2–3 billion (about HK$15.6–23.4 billion). Founded in 2018, T-Head's products include XuanTie processors, Yitian server chips and Hanguang AI chips. Alibaba CEO Wu Yongming says it has been successfully commercialized, with chip shipments exceeding 470,000 units and annualized revenue over 10 billion yuan. Alibaba has no official comment.
Alibaba's semiconductor subsidiary T-Head plans to hold an IPO in Hong Kong in 2027, aiming to raise at least US$2 billion to US$3 billion (approximately HK$15.6 billion to HK$23.4 billion). If the report is accurate, this would be one of the largest semiconductor IPOs in the Hong Kong stock market in recent years. Alibaba has not yet responded officially.
Founded in 2018, T-Head was formed by integrating C-SKY Microsystems, which Alibaba acquired, with the DAMO Academy chip team. Its products include XuanTie processors, Yitian server chips, and Hanguang AI chips. Alibaba CEO Eddie Wu said on the Q3 fiscal year 2026 earnings call that T-Head "has already been successfully commercialized," with chip shipments exceeding 470,000 units and an annualized revenue scale of more than 10 billion yuan.
Sina Tech