HK Stock Market Move | ZTE Corporation (00763) is now up more than 6%. The company has benefited from the large-scale increase in computing power and its self-developed chip business has helped to increase its valuation.

ZTE Corporation (00763) is now up more than 6%, at the time of writing, it is up 5.9% at 28.7 Hong Kong dollars, with a turnover of 4.11 billion Hong Kong dollars. On the news front, on January 13, ByteDance's "Volcano Cloud Taihang Computing Center Phase II Project" was approved, with a total investment of 45 billion yuan for Phase II and 28 billion yuan for Phase I. The scale of the Phase II project is larger with greater investment. On January 22, Trump announced the establishment of a new AI company Stargate by SoftBank, OpenAI, and Oracle, with plans to invest 500 billion US dollars over the next four years, immediately investing 100 billion US dollars to build a new AI infrastructure for OpenAI. Sinolink pointed out that against the backdrop of the ban and the large-scale construction of computing power by domestic Internet companies led by Byte, it is expected that domestic computing power will be extensively deployed by 2025, directly benefiting domestic chip server outsourcing companies such as Chengdu Hi-Tech Development, ZTE Corporation, Unisplendour Corporation. In addition, ZTE Microelectronics has gradually developed from custom processors in the communication field to customized computing general-purpose + accelerator field, covering various specifications and applications. In-house developed Everest and Taihai chips provide high-performance, diversified computing power acceleration hardware. The in-house chip business provides momentum for the company's valuation to rise and opens up growth opportunities.