In a significant move amid China’s AI chip boom, Baidu has announced plans to spin off its semiconductor unit, Kunlunxin, and pursue a listing on the Hong Kong Stock Exchange. This strategic decision aligns with Beijing’s push for semiconductor self-sufficiency and highlights Kunlunxin’s potential as a standalone entity, aiming to attract investors and expand its financing options. Baidu, which holds about 59% of Kunlunxin, has emphasized that this spin-off is not guaranteed and will require regulatory approvals.