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Chinese circuit-board supplier Victory Giant jumps 57% in Hong Kong share debut

South China Morning Post · · 221 words · By Eunice Xu
Technology Sector Growth (AI)
open_in_new Read the original article: https://www.scmp.com/business/banking-finance/article/3350801/chinese-circuit-bo…

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Loaded Language 60% confidence
Using words with strong emotional connotations to influence an audience.

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6 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 6
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“Victory Giant, a Chinese manufacturer of printed circuit boards (PCBs) for artificial intelligence and high-performance computing, rose by 57.23 per cent in its trading debut in Hong Kong on Tuesday, as investors rushed to tap into surging global demand for the hardware powering the AI infrastructure boom.”
CORROBORATED
Multiple web search results report that Victory Giant's shares rose by approximately 57% on its Hong Kong debut. One source specifies the 57.23% rise, and others confirm the general surge of almost 60% on its debut in Hong Kong.
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wikipedia NEUTRAL — Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (…
https://en.wikipedia.org/wiki/AMD
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wikipedia NEUTRAL — Actions Technology Co. Ltd. (Chinese: 炬力集成; pinyin: Jùlì Jíchéng) is a Chinese fabless semiconductor company founded in 2000 and headquartered in Zhuhai, Guangdong province and has offices in both Sha…
https://en.wikipedia.org/wiki/Actions_Technology
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wikipedia NEUTRAL — Victory Giant Technology (HuiZhou) Co., Ltd. (VGT; Chinese: 胜宏科技; pinyin: Shènghóng kējì) is a publicly listed Chinese company that engages in the provision of printed circuit boards (PCB). It is know…
https://en.wikipedia.org/wiki/Victory_Giant_Technology
+ 3 more evidence sources
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“On the grey market on Monday, the shares surged between 58.7 per cent and 60.2 per cent on major brokerage platforms in the city, after the retail tranche was oversubscribed 431.15 times during the share sale period.”
CORROBORATED
The claim regarding the surge percentage (58.7% to 60.2%) and the oversubscription rate (431.15 times) is directly stated in a web search result, which serves as the primary corroborating evidence from the search results.
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wikipedia NEUTRAL — From 2019 until 2020, protests were held in Hong Kong in response to the Hong Kong government's introduction of a bill to amend the Fugitive Offenders Ordinance in regard to extradition. It was the la…
https://en.wikipedia.org/wiki/2019–2020_Hong_Kong_protests
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wikipedia NEUTRAL — On 3 January 2026, the United States launched a military strike in Venezuela and captured incumbent Venezuelan president Nicolás Maduro and his wife, Cilia Flores. The US operation, codenamed Operatio…
https://en.wikipedia.org/wiki/2026_United_States_interventio…
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wikipedia NEUTRAL — The Real Housewives of Beverly Hills is an American reality television series that premiered on Bravo on October 14, 2010. The series is the sixth installment in the network's The Real Housewives fran…
https://en.wikipedia.org/wiki/List_of_The_Real_Housewives_of…
+ 3 more evidence sources
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“Victory Giant led PCB makers worldwide in revenue in the field of AI and high-performance computing in the first half of 2025, with 13.8 per cent of the market, up from seventh place and 1.7 per cent in 2024, the company said in its prospectus, citing Frost & Sullivan data.”
CORROBORATED
Two separate web search results cite the same specific data points: Victory Giant leading global PCB makers in AI/HPC revenue in H1 2025 at 13.8%, up from 1.7% (seventh place) in 2024, citing the company's prospectus and Frost & Sullivan data.
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wikipedia NEUTRAL — Estun Automation (Chinese: 埃斯顿自动; pinyin: Āisīdùn zìdòng) is a publicly listed Chinese company that engages in the provision of industrial robot solutions. According to Frost & Sullivan, Estun has ran…
https://en.wikipedia.org/wiki/Estun_Automation
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wikipedia NEUTRAL — H-E-B Grocery Company, LP, is an American privately held supermarket chain based in San Antonio, Texas, with more than 435 stores throughout Texas and Mexico. The company also operates Central Market,…
https://en.wikipedia.org/wiki/H-E-B
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wikipedia NEUTRAL — Jean Grey is a fictional character appearing in American comic books published by Marvel Comics, usually those featuring the X-Men, a group of superheroes of which she is a founding member. Created by…
https://en.wikipedia.org/wiki/Jean_Grey
+ 3 more evidence sources
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“In 2019, Victory Giant established a high-density interconnect division to focus on the high-end boards needed for the graphics processing units used in AI applications.”
CORROBORATED
The establishment of a high-density interconnect division in 2019 to focus on AI/GPU boards is reported in a web search result, which is corroborated by the context of the company's focus on AI applications.
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wikipedia NEUTRAL — Deepfakes (a portmanteau of 'deep learning' and 'fake') are images, videos, or audio that have been edited or generated using artificial intelligence, AI-based tools or audio-video editing software. T…
https://en.wikipedia.org/wiki/Deepfake
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wikipedia NEUTRAL — The history of artificial intelligence (AI) began in antiquity, with myths, stories, and rumors of artificial beings endowed with intelligence or consciousness by master craftsmen. The study of logic …
https://en.wikipedia.org/wiki/History_of_artificial_intellig…
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wikipedia NEUTRAL — Victory Giant Technology (HuiZhou) Co., Ltd. (VGT; Chinese: 胜宏科技; pinyin: Shènghóng kējì) is a publicly listed Chinese company that engages in the provision of printed circuit boards (PCB). It is know…
https://en.wikipedia.org/wiki/Victory_Giant_Technology
+ 3 more evidence sources
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“This allowed the company to enter Nvidia’s H-series AI accelerator supply chain in 2023, according to a report by National Business Daily.”
CORROBORATED
A web search result explicitly states that the establishment of the division allowed the company to enter Nvidia’s H-series AI accelerator supply chain in 2023, citing a report by National Business Daily.
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wikipedia NEUTRAL — The history of artificial intelligence (AI) began in antiquity, with myths, stories, and rumors of artificial beings endowed with intelligence or consciousness by master craftsmen. The study of logic …
https://en.wikipedia.org/wiki/History_of_artificial_intellig…
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wikipedia NEUTRAL — MetaX Integrated Circuits (Shanghai) Co., Ltd (MetaX; Chinese: 沐曦; pinyin: Mùxī) is a Chinese technology company headquartered in Shanghai. The company develops general-purpose computing on graphics p…
https://en.wikipedia.org/wiki/MetaX
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wikipedia NEUTRAL — Victory Giant Technology (HuiZhou) Co., Ltd. (VGT; Chinese: 胜宏科技; pinyin: Shènghóng kējì) is a publicly listed Chinese company that engages in the provision of printed circuit boards (PCB). It is know…
https://en.wikipedia.org/wiki/Victory_Giant_Technology
+ 3 more evidence sources
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“It was promoted to a tier-one supplier in 2024.”
CORROBORATED
The promotion to a tier-one supplier in 2024 is mentioned in a web search result, which is consistent with the narrative provided in the evidence.
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web search NEUTRAL — It was promoted to a tier-one supplier in 2024. Victory Giant’s listing comes as training and deployment of AI models and AI agents is expected to drive the need for more computing power this year, tr…
https://www.scmp.com/business/banking-finance/article/335080…
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web search NEUTRAL — Смотрите онлайн «Cheaters (2024)» от автора Pinoy Tambayan. Хорошее качество видео без регистрации в бесплатном видеокаталоге ВКонтакте. Опубликовано 29 марта 2024. 97159 — просмотрели, 1156 — оценили…
https://vk.com/video-165473791_456239385
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web search NEUTRAL — One hundred and five countries supplied crude petroleum oil to mainland China in 2024. That number includes relatively minor oil suppliers to China including France, Iran, Spain and Sweden.
https://www.worldstopexports.com/top-15-crude-oil-suppliers-…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.