Time Intercon (01729) rose more than 4% in early trading and continues to set new highs. As of the time of publication, it rose 4.28%, to HKD 3.17, with a turnover of HKD 19.0878 million.
According to the Smart Finance app, Time Intercon (01729) rose more than 4% in early trading and continues to set new highs. As of the time of publication, it rose 4.28%, to HKD 3.17, with a turnover of HKD 19.0878 million.
On the news front, according to the Securities Times, business information shows that global chip giant Intel has recently invested in Dongguan Luxshare Precision Technology Co., Ltd., a subsidiary of Luxshare Precision Industry, a leading company in the fruit chain. Insiders confirmed this change, and revealed that the cooperation between the two parties will focus on Luxshare Precision's communication and data center business. After the cooperation, it will help improve the competitiveness of Luxshare Precision's relevant products.
It is worth noting that in February 2022, Luxshare Precision spent HKD 1.104 billion to acquire 74.67% of the equity of Time Intercon. It is reported that Time Intercon's new server business mainly provides products such as computing servers, edge servers, AI intelligent servers, GPU cards and complete machine cabinets. In addition, Nvidia's GB200 will be produced on a large scale, and Luxshare Precision has entered the supply chain. Apple has begun to build AI servers based on the M2 Ultra chip. Luxshare Precision may benefit from Apple's AI servers in the future.