Chinese internet retail giant Alibaba Group (BABA) is reportedly planning to list its chipmaking arm. Founded in 2018, this business segment, T-Head Semiconductor, has been developing data center and artificial intelligence (AI) chips for IoT products across the full chip-design stack. Although the timing of the IPO remains unclear, the company plans to make the entity partly employee-owned before seeking a listing. Based on this news, Alibaba’s stock gained 5.1% intraday on Jan. 22.
Does that make BABA stock a buy here?
