Hong Kong Stocks Movement | FIBOCOM (00638) Surges Over 6% in Afternoon Trading as AI Edge Deployment Accelerates, Recently Forms Strategic Partnerships with XREAL and Hesai

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FIBOCOM (00638) rose more than 6% in afternoon trading, with gains narrowing to 3.67% by the time of writing, reaching HK$19.2 and a turnover of HK$26.83 million. On October 27, FIBOCOM announced a strategic partnership with leading AR glasses technology company XREAL to jointly advance the consumer AI glasses industry into a new era. Leveraging their respective technological and manufacturing strengths, the collaboration aims to accelerate innovation and large-scale adoption in the AR+AI consumer ecosystem. Additionally, FIBOCOM recently entered into a strategic partnership with Hesai Group, jointly launching a multi-modal fusion perception and control solution for robots based on LiDAR technology. Shenwan Hongyuan noted that as a global leader in IoT modules, FIBOCOM is expected to see sustained growth driven by edge AI, robotics, and its automotive/FWA business segments. China Merchants Securities highlighted that FIBOCOM's successful listing on the Hong Kong Stock Exchange's main board and capital-raising efforts have strengthened its position, positioning it to capitalize on the accelerating trend of edge intelligence.

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