HK Stock Movement | CIG (06166) Surges Over 8% in Afternoon Trading as Company Accelerates Overseas Capacity Expansion and R&D Deployment

Stock News12-22 14:20

CIG (06166) rose more than 8% in afternoon trading, with gains reaching 7.33% at the time of writing, trading at HK$87.1 and recording a turnover of HK$255 million. The company recently announced plans to inject US$100 million into its wholly-owned overseas subsidiary, CIG USA, using H-share fundraising proceeds. The capital will be allocated to core strategic initiatives, including capacity expansion, R&D upgrades, market expansion, and supply chain security.

The funding will accelerate CIG USA's capacity expansion plans in Malaysia, Mexico, and the U.S., enhancing global delivery capabilities for key products such as high-speed optical modules.

Analysts note that unlike OpenAI, which heavily relies on external computing power and cloud infrastructure, Google is building a fully self-sufficient ecosystem spanning chips, models, and applications. Market observers are optimistic about Google's "full-stack" AI ecosystem and capabilities, suggesting it is well-positioned to regain dominance. Additionally, as Google's in-house chips ramp up production, demand for liquid cooling solutions and optical modules may increase.

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