Guangdong-based Victory Giant is negotiating new US orders and expanding AI chip component production, acquiring land in Huizhou for a 3 billion yuan smart manufacturing facility.
Over 20 Chinese PCB companies, including Victory Giant Technology and WUS Printed Circuit, have announced significant capacity expansion plans in the first half of the year, committing hundreds of millions of dollars. This growth phase is primarily driven by the increasing demand for high-end boards used in AI servers.
Hong Kong's stock exchange secured second place globally in H1 2026 for capital raised, with $26.4 billion from IPOs and secondary listings, an 84.3% YoY increase. Mainland Chinese firms dominated, focusing on tech and consumer staples.
Victory Giant Technology's shares surged up to 60% in Hong Kong trading on Tuesday following its blockbuster IPO, the city's biggest listing this year. The Chinese printed circuit board supplier to Nvidia raised HK$20.1 billion ($2.57 billion) at HK$209.88 per share, with shares last trading 46% higher at HK$306.8.
Chinese printed circuit board (PCB) suppliers are experiencing a surge in interest and pursuing IPOs, driven by the booming global demand for AI infrastructure. Companies like Victory Giant Technology and Jiangxi Redboard Technology are raising significant capital, with analysts projecting continued growth in the sector.
