Metal parts maker InnoTek's shares gained by more than a third to close at 75 cents on Oct 13 after news that it has been approved as a "recommended vendor" for Nvidia Corp and Shenzhen-listed IEIT Systems Co.
Via its subsidiary Magix Mechatronics (Dongguan) Company, InnoTek has secured initial precision machining orders for components used in Nvidia's products.
InnoTek, in its pre-market announcement on Oct 13, says it has been sending prototypes for use in Nvidia's AI server platforms and data centre deployments. It expects production to start from this current 4QFY2025.
InnoTek says its other subsidiary, Sun Mansfield Manufacturing (Dongguan) Company, has also been awarded a new project by IEIT, which is part of state-owned Inspur Group – China’s largest server manufacturer.
Inspur, a top-three global supplier by market share, designs, develops and manufactures high-performance servers, storage systems, and AI computing platform customers in more than 120 countries.
InnoTek expects to commence production of metal casings and components for GPU servers for IEIT starting this month.
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The company did not disclose any contract value.
“To better support NVIDIA and other AI projects, the group is investing in various high-end precision equipment, allowing us to grow alongside our clients," says InnoTek CEO Lou Yiliang.
"The additional capacity will also allow us to build upon our track record as a strategic partner in the GPU space to secure new opportunities,” he adds.
