Victory Giant Expands Production for AI Chips Amid Surging US Demand
Guangdong-based circuit maker acquires land for new smart manufacturing facility and advances Nvidia supply pipeline
Quick Look
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.
AI-generated summary
Why It Matters
Victory Giant is capitalizing on surging demand from AI computing component makers.
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.
The land purchase requires a total investment of at least 3 billion yuan (US$444 million), including a minimum of 2 billion yuan dedicated to fixed assets, according to a recent filing disclosed by city authorities. The land sold for 66.5 million yuan.
Open Questions
- Which US firms are negotiating new orders with Victory Giant?
