Shenzhen Longsys Electronics secures $903 million funding to boost AI data center technology expansion
Shenzhen Longsys Electronics raised about HK$7.08 billion ($903 million) in a Hong Kong share sale, as demand for data-storage products grows alongside investment in AI infrastructure and data centres.
The Shenzhen-listed company makes memory and data-storage products for smartphones, computers, data centres, vehicles and industrial equipment. Its main brands include FORESEE, Lexar and Zilia, according to its listing prospectus.
