I can only offer some pointers:
QEmu virtualization instructions from April 2019:
Blog post: "Running HP-UX 11.11 on qemu-system-hppa"
Virtualize hpux is atm impossible at least on x86,is possible
to emulate hpux on..hpux,using hp itanium virtual machine or
if supported by server via npar or vpar.
Is "chained" to specifical hardware ...