知情人士称，在等待中国证券监管机构批准之际，百度公司旗下人工智能芯片部门的首次公开募股（IPO）可能会推迟至明年。
An initial public offering of Baidu Inc.’s artificial intelligence chip unit may slip to next year, people with knowledge of the matter said, as the company waits for approval from the Chinese securities regulator.
因讨论涉密信息而要求匿名的知情人士表示，制造数据中心服务器芯片的昆仑芯于今年1月以保密方式申请在香港进行20亿美元的IPO，并原本预计将在夏季获得中国证券监督管理委员会的批准以启动交易。
Kunlunxin, which makes chips that power servers in data centers, filed confidentially for a $2 billion IPO in Hong Kong in January and was expected to get approval from the China Securities Regulatory Commission to launch the deal in the summer, the people said, asking not to be identified discussing confidential information.
知情人士称，虽然该公司仍在筹备上市，但在获得监管机构开绿灯的前提下，目前预计更有可能在2027年进行。
While the company is still preparing for the offering, it is now seen as more likely to take place in 2027, subject to receiving the green light from the regulator, according to the people.
百度的一名代表表示，该公司驳斥了其所称的“市场传闻”。这位发言人说：“由于昆仑芯正在进行保密备案流程，且根据监管要求，我们无法披露任何重大非公开信息，其中将包括上市进展。”并补充称该公司将在适时发布公开公告。中国证监会没有立即回应置评请求。
A representative for Baidu said the companyrejects what it called “market rumors.”“As Kunlunxin is undergoing its confidential filing process, and per regulatory requirements, we can’t disclose any material non-public information, which would include the progress of the listing process,” the spokesperson said, adding that the company will make a public announcement in due course. The CSRC didn’t immediately respond to a request seeking comment.
昆仑芯原本是今年香港备受瞩目的IPO之一。香港今年的募资额已达516亿美元，正逐渐逼近2010年创下的纪录。绝大部分交易活动均由人工智能供应链企业推动，该行业处于中国技术雄心的最前沿。
Kunlunxin was one of the more high-profile IPOs expected in Hong Kong this year, where proceeds have hit $51.6 billion, edging closer to the record set in 2010. The bulk of activity has been driven by companies in the AI supply chain, a sector at the forefront of China’s technological ambitions.
由于全球人工智能交易出现裂痕，投资者对数千亿美元支出的明确回报要求日益提高，该金融中心的IPO自9月以来有所放缓。
IPOs in the financial hub have slowed since September as cracks appeared in the AI trade globally, with investors increasingly demanding clear returns on hundreds of billions of dollars in spending.
昆仑芯还在今年早些时候开始为在上海科技创新板（科创板）进行IPO做准备，尽管外界原本预期香港IPO会率先进行。
Kunlunxin also began work for an IPO on Shanghai’s tech-heavy STAR Board earlier this year, although the Hong Kong IPO was expected to come first.
随着中国试图降低对美国技术的依赖并成为全球人工智能领导者，其他中国芯片制造商已在内地交易所上市。存储芯片制造商长鑫存储技术有限公司于7月通过中国有史以来第二大IPO筹集了666亿元人民币（100亿美元），并迅速成为中国最具价值的公司之一。
Other Chinese chipmakers have gone public on mainland bourses as the country tries to lower its dependence on US tech and become a global leader in AI. Memory chipmaker CXMT Corp. raised 66.6 billion yuan ($10 billion) in July in the country’s second-largest IPO ever and quickly became one of China’s most valuable firms.
昆仑芯最初是为了满足百度对运行其在线业务的计算能力的需求而创建的，如今已成为少数几家能够设计出人工智能运营不可或缺的强大加速器的中国公司之一。与华为技术有限公司和寒武纪科技股份有限公司等企业一样，昆仑芯很可能会成为北京方面发展能够与美国抗衡的本土芯片产业核心努力的关键。
Kunlunxin, created in part to feed Baidu’s appetite for computing power to run its online businesses, is now one of a few Chinese companies capable of designing the powerful accelerators essential for AI operations. Along with firms like Huawei Technologies Co. and Cambricon Technologies Corp., Kunlunxin is likely to be central to Beijing’s efforts to develop a homegrown chip industry capable of rivaling the US.