Mainboard-listed Valuetronics announced in June that it had set up a JV with SinnetCloud HK. The latter is a wholly-owned Hong Kong subsidiary of Sinnet Cloud Co. Ltd., a GPU and AI solutions provider affiliated with the Shenzhen Stock Exchange-listed Beijing Sinnet Technology Co., Ltd.
Electronics manufacturing services provider Valuetronics (SGX:BN2
) Holdings will invest approximately HK$172 million ($28.39 million) through its wholly-owned subsidiary to expand AI computing infrastructure that will be leased to its 55%-owned joint venture (JV), Trio AI Limited.
According to a Sept 27 bourse filing, Valuetronics will acquire an additional batch of approximately 750 MetaX graphics processing unit (GPU) chips and ancillary hardware as part of the investment. This will expand Trio AI’s computing capacity from the current 250 GPU chips to above 1,000 GPU chips.
