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Kunlunxin, the semiconductor subsidiary of Chinese search engine giant Baidu, is targeting a US$50 billion valuation for its Hong Kong public offering. The company is also asking investors to commit to buying its chips as a condition of participation, according to The Information, underscoring the competitive dynamics shaping chip makers as Beijing moves to strengthen its domestic AI supply chain.

Baidu pushes for full-stack AI capabilities as Nvidia chip access expands China's search giant is building its own chips, models, and cloud infrastructure while simultaneously gaining access to restri

Nvidia's China Woes Deepen As TikTok Parent ByteDance Eyes AI Chips From Iluvatar CoreX, Baidu: Report Namrata Sen Tue, June 16, 2026 at 12:31 PM PDT 6 min read 9903.HK -1.89% 0700.HK -0.45% NVDA -2.37% 688256.SS +1.00% Trade NVIDIA on Coinbase Trading disclosure Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. ByteDance, the parent company of

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