HK Stock Market Move | Fibocom Wireless Inc. (00638) rebounds nearly 7%, still 12% lower than the IPO price. The company's AI edge layout has entered industrial implementation.

Fibocom Wireless Inc. (00638) rebounded nearly 7%, hitting a high of 18.85 Hong Kong dollars during the trading session, still more than 12% lower than the IPO price. As of the time of writing, it has risen by 4.7%, reaching 18.49 Hong Kong dollars, with a trading volume of 81.759 million Hong Kong dollars. According to Frost & Sullivan, the company is the world's second-largest wireless communication module provider, with a global market share of 15.4% (based on revenue from continuing operations in 2024). In the global wireless communication module market, the company ranks first in market share in multiple downstream application scenarios. For example, in the smart home and consumer electronics (such as tablets, laptops) fields, the company holds the top global market share, especially in the consumer electronics field, with a market share as high as 75.9%; in the automotive electronics field, the company ranks second globally, benefiting from the surge in demand for high-reliability modules in the new energy vehicle pre-installed market. HAITONG INT'L previously pointed out that the company's AI edge layout has entered industrial landing, and the company has independently developed and released the Fibocom AIStack technology platform, supporting efficient inference of mainstream models on different chip platforms, and has launched solutions for various categories such as cameras, toys, trackers, and MiFi. Meanwhile, the grass-cutting Siasun Robot & Automation solution has achieved mass production and shipment, and the newly launched RTK vision fusion positioning solution has reached cooperation with leading companies in the field of multi-legged Siasun Robot & Automation. This year, the company plans to list in Hong Kong, and the funds raised will continue to be invested in AI modules and Siasun Robot & Automation, among other areas, to further accelerate its industrial layout.