Victory Giant Technology
Native name | 胜宏科技(惠州)股份有限公司 |
|---|---|
| Formerly | Shenghua Electronics |
| Company type | Public |
| SZSE: 300476 | |
| Industry | Semiconductor |
| Founded | 2003 |
| Founder | Chen Tao |
| Headquarters | Huizhou, Guangdong, China |
Key people | Chen Tao (Chairman) Zhao Qixiang (President) |
| Revenue | CN¥10.73 billion (2024) |
| CN¥1.15 billion (2024) | |
| Total assets | CN¥19.18 billion (2024) |
| Total equity | CN¥8.93 billion (2024) |
| Website | www |
Victory Giant Technology (HuiZhou) Co., Ltd. (Victory Giant; Chinese: 胜宏科技; pinyin: Shènghóng kējì) is a publicly listed Chinese company that engages in the provision of printed circuit boards (PCB).
It is known to be Nvidia's leading supplier of PCB for AI servers and graphics cards.
Background
Victory Giant was founded in 2006 by Chen Tao, a former soldier and civil servant who was previously a salesperson at a Taiwanese-owned PCB factory.[1]
In 2015, Victory Giant held its initial public offering and became a listed company on the Shenzhen Stock Exchange.[1]
In 2019, Chen made the decision to establish Victory Giant's High Density Interconnect (HDI) division. It was a bet on the complex, high-end boards needed for gaming graphics cards. The bet paid off as Victory Giant became a core supplier of Nvidia which included supplying its H-series AI accelerator cards.[1]
In 2024, Victory Giant acquired Taiwanese competitor APCB's business in Thailand.[2][3] Less than a year later, it was reported that Victory Giant was on track to have its second factory up and running in Thailand.[3]
In March 2025, Victory Giant started constructing a factory in the Bac Ninh province of Vietnam. The project's estimated cost is $520 million.[4]
In July 2025, Victory Giant announced it planned to hold a secondary listing on the Hong Kong Stock Exchange.[5]
In November 2025, Bloomberg News reported that shares of Victory Giant had risen nearly 600% that year due to its ties with Nvidia and AI. Victory Giant emerged as top in sales for AI and high-performance computing during that year.[6]
References
- ^ a b c Li, Diana (26 November 2025). "Couple Rakes in $9 Billion as AI Circuit Board Shares Soar 530%". Bloomberg News.
- ^ Kang, Janet (26 September 2024). "APCB's exit from Thailand and Taiwan worry smaller PCB makers amid industry shakeup". DigiTimes. Retrieved 14 March 2026.
- ^ a b Li, Lauly (3 September 2025). "Thailand carves out a less-glamorous AI niche: printed circuit boards". Nikkei Asia. Retrieved 14 March 2026.
- ^ Ha, Thai (31 March 2025). "Two high-tech projects worth $640 mln break ground in northern Vietnam". theinvestor.vn. Retrieved 14 March 2026.
- ^ Zhang, Julie (30 July 2025). "Nvidia's printed circuit board supplier Victory Giant plans Hong Kong IPO". South China Morning Post. Retrieved 14 March 2026.
- ^ Cha, Sangmi (2 November 2025). "Victory Giant Tops Asia Stocks as Nvidia Link Fuels 600% Surge". Bloomberg News.