Xizhi Technology, an optical interconnection solutions provider, IPOs in Hong Kong, with a 7-year valuation surge of 29 times

【Caixin Net】 As the need for high-performance computing driven by AI triggers a transformation in optical interconnects, optical interconnect solution provider Acsi Science and Technology is pushing forward with a Hong Kong IPO. On March 30, Shanghai Acsi Science and Technology Co., Ltd. (hereinafter “Acsi Science and Technology”) submitted its listing application materials to the Hong Kong Stock Exchange. The joint sponsors are CICC and Guotai Huarong.

Acsi Science and Technology has not yet disclosed the amount it plans to raise in this IPO. The proceeds are intended to be used for the development of optical interconnect hardware and optical computing products over the next five years, to accelerate commercialization progress, and for general corporate purposes.

A senior Huawei optical industry source believes that as the parameter scale of large models moves from the tens of billions and hundreds of billions to the trillion-level and beyond, and as multimodal, long-text, and high-concurrency inference become widespread, AI compute for data transmission is no longer merely “good enough.” Instead, it brings rigid new requirements for ultra-high data rates, ultra-low latency, ultra-low energy consumption, and ultra-high density. In the next-generation AI intelligent computing ecosystem, traditional copper interconnects can no longer support the ongoing evolution of AI compute. Optical interconnects are not a “choice,” but a “must-have.”