Baidu chip division valued at CNY 13B in external investment
Legend Capital has made an external investment in Baidu's chip subsidiary. The investment took place at a valuation of CNY 13 billion. Legend Capital has long focused on investments in the semiconductor and chip sector. The Baidu Kunlun Chip is a general cloud AI chip independently developed by Baidu. Baidu Kunlun-1 was successfully tested in 2019 and put into mass production in 2020. The Baidu Kunlun-2, which is under development, will reach mass production in the second half of 2021.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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