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HKG:9903

3 stories mentioning HKG:9903Updated 23d ago

Every FINWIRES story that references HKG:9903, newest first.

Asia

Shanghai Iluvatar CoreX Semiconductor Seeks Over HK$7 Billion via Equity Markets

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) is seeking HK$7.07 billion via a stock offering, according to a Thursday filing with the Hong Kong bourse.The company is seeking investors for around 14.9 million H shares priced at HK$476 each to raise funds to secure access to artificial intelligence computing hardware.The shares to be sold represent 5.84% of the company's total issued share capital and 5.52% as enlarged by the sale.

HKG:9903
Asia

Market Chatter: Iluvatar Reportedly Eyes AI Chip Sale Deal with ByteDance

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) is in talks for the potential sale of AI chips for inference tasks to technology group ByteDance, Reuters reported Monday citing two people familiar with the matter.A similar supply deal with Baidu (HKG:9888) is also on the cards, the people said and Reuters reported. Details of both deals are yet to be finalized.Baidu, Iluvatar and ByteDance did not immediately respond to requests fromfor comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:9888HKG:9903
Research

Haitong International Starts Shanghai Iluvatar CoreX Semiconductor at Outperform with HK$596.70

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) has an average rating of buy and mean price target of HK$624.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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