optical transceivers

Pakistan has requested a $10 billion currency backstop from the United States, negotiated with Iranian mediation and involving army chief Asim Munir. The US is preparing to ban Chinese optical transceivers.

Shares in Zhongji Innolight and Eoptolink declined following a report that Washington is drafting a ban on optical transceivers.

Zhongji Innolight's shares fell 2.86% on their Hong Kong debut amid a global decline in AI sector sentiment. The company, a leading producer of optical transceivers for AI data centers, raised HK$53.4 billion in Hong Kong's largest initial public offering of the year.

Zhongji Innolight's shares fell by up to 3% on their Hong Kong debut, influenced by a global downturn in AI sector sentiment. The company, which produces optical transceivers for AI data centers, raised HK$53.4... in what was Hong Kong's largest IPO of the year.

Zhongji Innolight is repurchasing up to 8 billion yuan (US$1.2 billion) of its Shenzhen-listed shares ahead of its Hong Kong offshore listing. The move aims to provide pricing stability for investors and address potential volatility in its trading debut, as the Chinese company supplies optical transceivers for AI data centers to US hyperscalers.

Zhongji Innolight, a Chinese supplier of US hyperscalers, plans to repurchase up to $1.2 billion in Shenzhen-listed shares before its offshore Hong Kong listing. The buy-back aims to provide pricing anchors for global investors and mitigate a potential shaky start to trading. The company produces optical transceivers used in AI data centers.