Changes in Hong Kong stocks | Cambridge Technology (06166) rose more than 8% in the afternoon, the company accelerated overseas production capacity expansion and R&D launch

The Zhitong Finance App learned that Cambridge Technology (06166) rose more than 8% in the afternoon. As of press release, it had risen 7.33% to HK$87.1, with a turnover of HK$255 million.

According to the news, Cambridge Technology previously announced that it plans to use H shares to raise capital to CIG America, a wholly-owned overseas subsidiary, to increase capital by 100 million US dollars for core strategic layout such as capacity expansion, R&D upgrading, market expansion, and supply chain security. After the capital injection, it will accelerate CIG America's production capacity expansion plans in Malaysia, Mexico, and the US, and strengthen the global delivery capacity of core products such as high-speed optical modules.

Huatai Securities said in the latest research report that unlike OpenAI, which relies heavily on external computing power and cloud facilities, Google is building a closed loop that is completely self-sufficient from chip to model to application. Optimistic about Google's self-sufficient “full-stack” AI ecosystem and capabilities, it is time to take back dominance. Open Source Securities said that with the launch of Google's self-developed chips, demand for liquid cooling and optical modules may be boosted.