Source: SCMP — Business & Markets
Nvidia supplier to invest at least US$444 million in plant for ‘AI high-end electronic circuit smart manufacturing’ in southern city Huizhou The Guangdong-based company has been negotiating new orders with major US firms, as it capitalises on surging demand from makers of both graphics processing units (GPUs) and application-specific integrated circuits (ASICs) used in AI computing, according to a source familiar with the matter. The source added that Victory Giant’s supply pipeline for Nvidia’s next-generation Kyber rack system was “progressing smoothly”. To meet the rising demand, the company is ramping up production in its home province. It acquired a 100,000-square-metre (1.08 million sq ft) industrial land plot in the southern city of Huizhou, earmarked for an “AI high-end electronic circuit smart manufacturing” facility, according to recent public disclosures. Victory Giant did not immediately respond to a request for comment on Thursday. The company’s Hong Kong-listed stock gained 4.4 per cent to HK$231 on Thursday.
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