Stock Track | XIZHI TECH-P Soars 6.41% at Open on Joint Industrial Fund Announcement with Shanghai State Capital

Stock Track05-12

XIZHI TECH-P (01879.HK) surged 6.41% at the open, continuing its recent upward momentum following a significant strategic announcement.

The sharp rise comes after company founder and chairman Shen Yichen announced over the weekend that LightMatter Tech will jointly establish an industrial fund with Shanghai state-owned capital. The fund is designed to invest in and incubate early-stage technology entrepreneurs, a move the market views as strategically important for deepening the company's presence in the domestic silicon photonics industry and strengthening its ties with Shanghai's comprehensive integrated circuit supply chain and innovation ecosystem.

As the first globally listed AI silicon photonics chip company, XIZHI TECH-P remains in its post-IPO lock-up period with limited free float, which may be contributing to intensified short-term trading volatility alongside the positive news flow.

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