Gigabyte Computer, a manufacturer of AI servers and a partner of Nvidia, plans to raise up to $2.19 billion through the issuance of Global Depositary Shares (GDS). The company intends to issue 49 million securities, with prices ranging from $43.91 to $44.77 per security. Separately, GigaDevice, a semiconductor company, announced its chairman proposed a share buyback plan of 1 billion to 2 billion yuan to be used for cancellation and capital reduction. AI
IMPACT This funding could accelerate the expansion of AI infrastructure and support the growing demand for AI servers.
RANK_REASON Significant funding round for a major AI hardware manufacturer. [lever_c_demoted from significant: ic=1 ai=0.7]
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