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flag China's xFusion, a top AI server maker, is preparing for an IPO amid growing demand for AI and semiconductor stocks.

flag China’s top AI server maker, xFusion, has hired Citic Securities to prepare for an initial public offering, according to a regulatory filing. flag The Henan-based company, spun off from Huawei in 2021, reported sales of over 40 billion yuan ($5.72 billion) in 2024 and is valued near $9 billion. flag The IPO tutoring process, set to run from January to April or May 2026, reflects China’s push to accelerate public listings in AI and semiconductors amid U.S. export restrictions. flag Recent AI-related IPOs in China have drawn strong investor demand, with some stocks surging over 400% on debut, and the CSI AI Index rose 67% in 2025. xFusion serves clients in telecom, finance, transportation, and internet sectors across more than 100 countries.

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