China’s Jinfu Tech Jumps After Unit's Custom AOI Testing Gear Passes Nvidia’s Checks
Tang Shihua
DATE:  Oct 24 2024
/ SOURCE:  Yicai
China’s Jinfu Tech Jumps After Unit's Custom AOI Testing Gear Passes Nvidia’s Checks China’s Jinfu Tech Jumps After Unit's Custom AOI Testing Gear Passes Nvidia’s Checks

(Yicai) Oct. 24 -- Jinfu Technology’s shares climbed after the Chinese supplier of battery parts and other products said its unit has passed Nvidia's phased verification of its customized and mass-produced automated optical inspection testing gear.

Jinfu [SHE: 300128] ended 8 percent higher at CNY6.48 (91 US cents) a share today, after soaring by as much as 14.3 percent at one point. The stock has surged 106 percent since Sept. 18, following reports of its partnership with Nvidia and the rally in Chinese stocks.

Myzy Fixture Technology's AOI testing equipment was included in Nvidia's specification testing document for a core component of a new generation of data centers, its Suzhou-based parent company announced late yesterday.

The document will be distributed as a guideline to the US chip giant’s server original design manufacturers and cloud service providers worldwide, Jinfu added.

AOI equipment is a crucial quality control tool used by electronics manufacturers to ensure product quality.

Myzy Fixture plans to communicate with Nvidia as well as its ODMs and cloud service providers about potential equipment demand and orders, in preparation for mass production, Jinfu said.

Jinfu's business in electronic industrial testing equipment brought revenue of CNY231 million (USD32.5 million) last year, accounting for 13.3 percent of the firm’s total income, according to its annual financial report.

Editor: Martin Kadiev

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Keywords:   Jinfu Tech,Nvidia