Shenzhen Longsys Electronics secures $903 million funding to boost AI data center technology expansion
Shenzhen Longsys Electronics raised over seven billion Hong Kong dollars in its recent stock offering. This significant capital infusion is driven by growing demand for data storage products. The company's net profit surged dramatically in the first half of 2026. Revenue also saw a substantial year-on-year increase during the same period. Longsys plans to invest proceeds into research and development for advanced memory products.
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