04:01 AM EST, 01/02/2026 (MT Newswires) -- Baidu ( BIDU ) said Thursday it plans to spin off its Kunlunxin chip division and list the unit's shares on the Hong Kong Stock Exchange.

A confidential application for the listing has already been submitted to exchange officials for review, the company said.

The specialized AI chip business is expected to remain a part of the parent organization once the transaction is finished, Baidu ( BIDU ) said.

Final terms of the deal are still being determined and depend on receiving necessary regulatory approvals from Chinese and Hong Kong authorities, the firm said.

Shares of the company were up by over 12% in recent Friday premarket activity.

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