Baidu Primes Kunlunxin IPO as AI Chip Value Nears $20B, Jefferies Backs Big Upside

AsiaFirmsSemiconductor and Other Electronic Component Manufacturing
Baidu’s AI chip unit Kunlunxin confidentially...

Jefferies values Kunlunxin at US$16–23B, impl...

Baidu shares jumped about 10–12%, and Jefferi...

Key risks include listing approval and timing...