(Yicai Global) June 19 -- Hongxin Electronics’ stock surged after the Chinese electronics supplier said it had joined hands with graphics processing unit startup Moore Threads to develop artificial intelligence software and hardware infrastructure as well as applications.

Hongxin Electronics [SHE: 300657] closed 14.9 percent higher at CNY23.09 (USD3.23) in Shenzhen today.

The parties will cooperate to build an intelligent computing center for metaverse scenarios, including cloud render and digital humans, and provide clients with customized factory management and smart office solutions, Xiamen-based Hongxin Electronics said late yesterday.

Moreover, Hongxin Electronics will use Moore Threads’ GPU computing power services to develop an efficient and smart industrial quality inspection application system for its own production plants, the firm added.

Editor: Futura Costaglione