---
title: "IPO | T-Head Rumored to List in Hong Kong Next Year, Raising Over HK$15.6 Billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304812753.md"
description: "According to IFR, a Reuters service, citing informed sources, Alibaba's semiconductor subsidiary T-Head plans to list in Hong Kong next year, with expected fundraising of US$2 billion to US$3 billion (approximately HK$15.6 billion to HK$23.4 billion). Established in 2018, T-Head possesses a mature chip R&D system. Its newly released AI chip, Zhenwu V900, boasts strong performance and is expected to enter mass production in the first quarter of 2027"
datetime: "2026-11-09T07:11:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304812753.md)
  - [en](https://longbridge.com/en/news/304812753.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304812753.md)
generator: "portal-rs"
---

# IPO | T-Head Rumored to List in Hong Kong Next Year, Raising Over HK$15.6 Billion

IFR, a Reuters service, cited informed sources stating that "T-Head," the semiconductor subsidiary of Alibaba (09988), plans to list in Hong Kong next year, potentially raising at least US$2 billion to US$3 billion (approximately HK$15.6 billion to HK$23.4 billion).

According to its website, T-Head Semiconductor was established in 2018 as the wholly-owned semiconductor chip business entity of Alibaba Group. It possesses a mature chip R&D system and end-to-end full-link chip R&D capabilities. In the data center sector, T-Head has completed the construction of a comprehensive suite of AI-centric data center chip solutions, ranging from parallel computing to general-purpose computing, and from high-speed interconnects to data storage.

In September this year, T-Head released its new generation AI chip, Zhenwu V900, which is currently the most powerful AI chip in China in terms of computing performance, achieving three times the performance of the previous generation M890. The Zhenwu V900 can form clusters comprising up to 500,000 chips for training frontier models. Alibaba expects the Zhenwu V900 to enter mass production and hit the market in the first quarter of 2027.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**