{"id":401195,"date":"2026-04-28T07:51:17","date_gmt":"2026-04-28T07:51:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/401195\/"},"modified":"2026-04-28T07:51:17","modified_gmt":"2026-04-28T07:51:17","slug":"lightelligence-jumps-by-400-in-hong-kong-debut-amid-ai-driven-demand-for-photonics-chips","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/401195\/","title":{"rendered":"Lightelligence jumps by 400% in Hong Kong debut amid AI-driven demand for photonics chips"},"content":{"rendered":"<p>Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its share price surge by nearly 400 per cent in its trading debut on Tuesday, as investors banked on the country\u2019s quest for a fast-growing alternative to conventional electronic <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/article\/3351192\/asias-chipmakers-feel-heat-naphtha-crunch-hits-photoresist-supply?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">semiconductors<\/a> in artificial intelligence data centres.The Shanghai-based company opened at HK$880, versus the offer price of HK$183.2 \u2013 the top of its marketed range of HK$166.6 to HK$183.2. It raised HK$2.4 billion (US$310 million) in its <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/ipo?module=inline&amp;pgtype=article?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">initial public offering (IPO)<\/a>.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">On the grey market on Monday, its shares surged 353.1 per cent to 380.4 per cent on major brokerage platforms in the city, after the retail tranche was oversubscribed 5784.7 times during the share sale period.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Its debut underscores how the country\u2019s makers of photonics chips \u2013 once confined to scientific research \u2013 are capitalising on the surging global demand for AI workloads to step up production and commercialisation.<\/p>\n<p>Unlike conventional <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/article\/3351312\/why-chinas-optical-communications-sector-latest-ai-boom-beneficiary?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">graphics processing units<\/a> (GPUs) that rely on electrons moving through silicon, optical computing chips use photons to carry out computations and data transmission.<img decoding=\"async\" alt=\"China\u2019s makers of photonics chips are capitalising on the surging global demand for AI workloads. Photo: Shutterstock\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/04\/2f369aa9-f1de-4be5-a021-6ec62fd8c02f_84dc7e0c.jpg\" title=\"China\u2019s makers of photonics chips are capitalising on the surging global demand for AI workloads. Photo: Shutterstock\"\/>China\u2019s makers of photonics chips are capitalising on the surging global demand for AI workloads. Photo: Shutterstock<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Founded in 2017 by Massachusetts Institute of Technology-trained scientist Shen Yichen, Lightelligence said it was the first company to achieve large-scale deployment of hybrid optical-electronic computing globally.<\/p>\n","protected":false},"excerpt":{"rendered":"Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its share price surge&hellip;\n","protected":false},"author":2,"featured_media":401196,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,18411,363,364,144932,607,147019,4431,9029,72020,109507,111,139,69,7956,206993,2642,3747,206992,145,3040],"class_list":["post-401195","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-ai-workloads","tag-artificial-intelligence","tag-artificialintelligence","tag-biren-technology","tag-china","tag-frost-sullivan","tag-hong-kong","tag-lightelligence","tag-massachusetts-institute-of-technology","tag-moore-threads","tag-new-zealand","tag-newzealand","tag-nz","tag-optical-computing","tag-optical-interconnect","tag-rd","tag-shanghai","tag-shen-yichen","tag-technology","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/401195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=401195"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/401195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/401196"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=401195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=401195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=401195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}