PATEO Shares Surge Over 8% in Intraday Trading as Company Expands into Optical Communication Supply Chain

Stock News07-15

Shares of PATEO (02889) rose more than 8% during the trading session. At the time of writing, the stock was up 7.76% to HK$143.2, with a turnover of HK$44.9647 million.

The company's recent strategic moves have garnered market attention. PATEO is actively expanding its presence in the optical communication industry chain, with plans to acquire an optoelectronic chip enterprise. Furthermore, the company is collaborating with Fuyao University of Science and Technology to advance research in silicon photonics and electro-optic modulation materials.

Its business now encompasses in-vehicle optical communication and AI computing power optical chips. This expansion allows the company to benefit from industry trends in optical modules and silicon photonics, effectively opening a new growth avenue beyond its core smart cockpit business.

Analysts have highlighted the company's coordinated progress in high-computing-power cockpits, AI Boxes, edge-side model deployment, and in-vehicle communication architecture. Additionally, PATEO is taking a lead in establishing a unified in-vehicle Token economy integration hub and settlement center, and is implementing applications such as in-vehicle AI Agents.

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