Baidu’s AI chip company ARM plans to raise up to $2 billion through an IPO in Hong Kong. This is not only an important step in Baidu’s AI chip strategy, but also reflects the current financing boom among domestic chip enterprises. As enterprises such as Kunlun Chip and Biren Technology advance their listings, domestic AI chips are entering a concentrated financing period, reflecting the strong market demand for chip localization.
Core Drivers of the AI Chip Financing Wave
Strategic Significance of ARM’s IPO
Baidu ARM’s plan to raise $2 billion this time ranks among the top in scale among domestic AI chip enterprises. These funds will be used to strengthen R&D and industrialization of AI chips, representing Baidu’s strategic layout in the AI computing power sector. According to the latest news, Baidu’s Kunlun Chip spin-off listing plan is also progressing, and ARM’s IPO progress will further improve Baidu’s chip ecosystem.
From market response, the financing enthusiasm of domestic AI chip enterprises continues to heat up. Biren Technology on the Hong Kong stock market saw a first-day gain exceeding 75%, fully demonstrating investors’ optimism about domestic AI chips.
Three-Fold Resonance of Market Background
Behind the recent concentrated financing of domestic chip enterprises, there are several key factors:
Accelerated localization: As overseas chip giants like NVIDIA plan to raise GPU prices, domestic GPU enterprises gain more market opportunities
Policy support: The National Big Fund’s shareholding ratio in semiconductor leaders has nearly doubled, with clear policy direction
Market recognition: The Hang Seng Tech Index achieved its strongest opening since 2009, with rising foreign investor participation
Financing Benchmarking of Domestic AI Chip Enterprises
According to the latest news, the financing progress of domestic AI chip enterprises is as follows:
Enterprise
Financing Method
Financing Scale
Listing Location
Notes
ARM (Baidu)
IPO
Up to $2 billion
Hong Kong
In planning
Kunlun Chip (Baidu)
Spin-off listing
TBD
Hong Kong
In progress
Biren Technology
IPO
Already listed
Hong Kong
First-day gain over 75%
Baidu’s Complete AI Chip Ecosystem Layout
According to Morgan Stanley’s recently released Humanoid Robot Technology Top 25 report, Baidu ranks first in the brain module. This indicates that Baidu’s AI chip strategy focuses not only on the present but also on the future. ARM’s IPO financing will strengthen this advantage:
R&D investment: For next-generation AI chip development
Capacity expansion: To meet market demand for domestic AI chips
Ecosystem improvement: Forming product matrix with Kunlun Chip and others
Future Outlook on the Domestic Chip Listing Wave
From market trends, the listing wave of domestic AI chip enterprises may continue to accelerate. The logic behind this is:
Chip localization has become a core track for 2026, with sustained investor enthusiasm
Hong Kong stock market has become an important financing venue for domestic tech enterprises, with sufficient liquidity
Policy support and market recognition have created favorable conditions for enterprise financing
It should be noted that while financing scale and market enthusiasm reflect industry prospects, ultimately it depends on enterprises’ product competitiveness and market share. As Baidu’s core chip asset, ARM’s performance after listing will directly reflect investors’ recognition of Baidu’s AI chip strategy.
Summary
Baidu ARM’s Hong Kong IPO to raise $2 billion is an important signal of the domestic AI chip enterprise financing wave. This indicates: domestic chip localization has moved from concept stage to financing and industrialization stage, market demand and recognition for domestic AI chips continue to rise, and Hong Kong stock market has become the main financing venue for these enterprises. With the successive listings of enterprises such as Kunlun Chip and Biren Technology, Baidu’s layout in the AI chip sector is being gradually implemented. Future focus should be on these enterprises’ post-listing performance and their actual market share in localization.
百度AIチップ会社ARM、香港IPOで20億ドルを調達、国産チップの上場ブーム加速
Baidu’s AI chip company ARM plans to raise up to $2 billion through an IPO in Hong Kong. This is not only an important step in Baidu’s AI chip strategy, but also reflects the current financing boom among domestic chip enterprises. As enterprises such as Kunlun Chip and Biren Technology advance their listings, domestic AI chips are entering a concentrated financing period, reflecting the strong market demand for chip localization.
Core Drivers of the AI Chip Financing Wave
Strategic Significance of ARM’s IPO
Baidu ARM’s plan to raise $2 billion this time ranks among the top in scale among domestic AI chip enterprises. These funds will be used to strengthen R&D and industrialization of AI chips, representing Baidu’s strategic layout in the AI computing power sector. According to the latest news, Baidu’s Kunlun Chip spin-off listing plan is also progressing, and ARM’s IPO progress will further improve Baidu’s chip ecosystem.
From market response, the financing enthusiasm of domestic AI chip enterprises continues to heat up. Biren Technology on the Hong Kong stock market saw a first-day gain exceeding 75%, fully demonstrating investors’ optimism about domestic AI chips.
Three-Fold Resonance of Market Background
Behind the recent concentrated financing of domestic chip enterprises, there are several key factors:
Financing Benchmarking of Domestic AI Chip Enterprises
According to the latest news, the financing progress of domestic AI chip enterprises is as follows:
Baidu’s Complete AI Chip Ecosystem Layout
According to Morgan Stanley’s recently released Humanoid Robot Technology Top 25 report, Baidu ranks first in the brain module. This indicates that Baidu’s AI chip strategy focuses not only on the present but also on the future. ARM’s IPO financing will strengthen this advantage:
Future Outlook on the Domestic Chip Listing Wave
From market trends, the listing wave of domestic AI chip enterprises may continue to accelerate. The logic behind this is:
It should be noted that while financing scale and market enthusiasm reflect industry prospects, ultimately it depends on enterprises’ product competitiveness and market share. As Baidu’s core chip asset, ARM’s performance after listing will directly reflect investors’ recognition of Baidu’s AI chip strategy.
Summary
Baidu ARM’s Hong Kong IPO to raise $2 billion is an important signal of the domestic AI chip enterprise financing wave. This indicates: domestic chip localization has moved from concept stage to financing and industrialization stage, market demand and recognition for domestic AI chips continue to rise, and Hong Kong stock market has become the main financing venue for these enterprises. With the successive listings of enterprises such as Kunlun Chip and Biren Technology, Baidu’s layout in the AI chip sector is being gradually implemented. Future focus should be on these enterprises’ post-listing performance and their actual market share in localization.