Sharetronic Signs Cooperation Deal For Optical Chip Plant Construction; Shares Down 4%
MT Newswires Live
Dec 18
Sharetronic Data Technology (SHE:300857) signed a cooperation agreement with Guangzhou Development Zone Management Committee for the construction of an optical chips and modules plant, according to a Shenzhen bourse filing on Wednesday.
The Chinese wireless network and smart terminal services provider's shares fell nearly 4% during Thursday's morning trade.
Under the deal, the Guangzhou Development Zone Management Committee will support the company's investment and regulatory applications for the project.
The plant will develop ultra-low-power optical modules using proprietary chips, which can be used in artificial intelligence and super-computing centers.
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