(Yicai) Oct. 18 — Megmeet’s shares jumped by their each day buying and selling restrict after the Chinese language automated electrical gear and software program maker stated it’ll present energy parts for the brand new high-performance computing system of US chip big Nvidia.
Megmeet [SHE: 002851] surged 10 % to CNY33.86 (USD4.76) a share as of 1.45 p.m. in Shenzhen as we speak.
Megmeet will present revolutionary energy methods and options for Nvidia’s Blackwell GB200 system, the Shenzhen-based agency introduced late yesterday. The transfer will doubtless profit the corporate’s future turnover, it added.
The Blackwell GB200 is principally used for high-performance computing, particularly synthetic intelligence inference and coaching. It integrates the Blackwell’s graphics processing models with Grace’s Central Processing Unit, and is designed to enhance the computing and efficiency of large-scale AI fashions.
Megmeet, a number one provider of energy options for communications gear and servers, launched its energy system product for the Nvidia MGX platform on the Open Compute Challenge World Summit, held in San Jose from Oct. 15 to yesterday, it identified.
The quantity of energy parts equipped can be topic to the settlement, Megmeet identified, with out disclosing additional particulars, resembling how a lot income it expects to obtain from the deal. The cooperation with Nvidia will assist improve Megmeet’s model affect and contribute to future enterprise improvement, it added.
Megmeet’s income from its energy product enterprise was CNY2.1 billion (USD298 million) final yr, accounting for 31 % of its whole, in keeping with its annual earnings report. Its energy provide merchandise are used for communication gear, servers, medical gear, photovoltaics, vitality storage, charging piles, and lots of different industrial functions.
Editor: Martin Kadiev
This articles is written by : Nermeen Nabil Khear Abdelmalak
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