Zhongji Innolight Clears Hong Kong IPO Hearing, Targeting $7 Billion
Zhongji Innolight, a Pentagon-listed Chinese military company, supplies over half of NVIDIA's 800G optical modules. The company raised its IPO target from $5 billion to $7 billion due to strong investor demand during roadshows.
So What
A critical supplier of NVIDIA's high-speed optical networking components is securing significant capital, indicating robust demand for AI compute infrastructure.