Odd Lots · Monday, June 29, 2026
BYD CFO Henry Hoo announced that the company has filed a confidential application in Hong Kong to spin off its chip assets. This move aims to unlock value and allow the chip business to operate more neutrally and independently, fostering a stronger ecosystem around its hardware and software development.
“Let's break some news, all right, So it's coming to the to the money part. So I was not to be Frank. I was not even trained by by Finance. I become self by accident. So actually my BOSTH Bachelor and the master training was a trip designer myself. So I think after joining by DO, I definitely realized the Bayous chip product has been really really high quality and really good for the influence, for the for the all the things we talked about helping our DAA to grow as well. So based on the power of information, we already filed the confidential filing for spin off of our trip assets in Hong Kong and we are doing that and processing that process on track, and that is one part of the assets we try to unlock at this moment.”
“But however, as I mentioned the cloud of foundation model, they are all very important. So after this being off, we hopefully can enhancing that ego system. And as you'll know, Chip is not only the hardware. I deeply understand, it is about ecosystems. We need to work pretty well with our customers and the suppliers and the software developers all at one goal, and I think to be a separalistic public company. It will help to achieve that goal not only as a hardware, but also the entire ecosystem as well.”