Alibaba seeks to list chip unit T-Head, Bloomberg reports

Alibaba (9988) is preparing to list its chipmaking unit T-Head, first restructuring it as a business partly owned by employees, Bloomberg News reported, citing people familiar with the matter.

The company is still in the early stages, and how much T-Head could be valued at remains unclear, the report said.

Alibaba has long been developing chip design to secure key components for its data centers and cloud services similar to AWS.