Alibaba plans to take Pingtouge Semiconductor Company public.

Alibaba is preparing to list its chip development company, T-Head Semiconductor, thanks to strong investor interest in its artificial intelligence (AI) accelerator business. As a first step, Alibaba plans to restructure T-Head Semiconductor into a partially employee-owned company before considering an initial public offering (IPO). T-Head Semiconductor, established in September 2018, is Alibaba Group's wholly-owned semiconductor chip business.