Victory Giant Technology (HuiZhou) Co., Ltd. (VGT; Chinese: 胜宏科技; pinyin: Shènghóng kējì) is a publicly listed Chinese company that engages in the provision of printed circuit boards (PCB).
 | |
Native name | 胜宏科技(惠州)股份有限公司 |
|---|---|
| Formerly | Shenghua Electronics |
Company type | Public |
| SZSE: 300476 SEHK: 2476 | |
| 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 |
It is known to be Nvidia's leading supplier of PCB for AI servers and graphics cards.
Background
editVGT 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, VGT held its initial public offering and became a listed company on the Shenzhen Stock Exchange.[1]
In 2019, Chen made the decision to establish VGT'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 VGT was on track to have its second factory up and running in Thailand.[3]
In March 2025, VGT started constructing a factory in the Bac Ninh province of Vietnam. The project's estimated cost is $520 million.[4]
In July 2025, VGT announced it planned to hold a secondary listing on the Hong Kong Stock Exchange.[5]
In November 2025, Bloomberg News reported that shares of VGT had risen nearly 600% that year due to its ties with Nvidia and AI. VGT emerged as top in sales for AI and high-performance computing during that year.[6]
On 21 April 2026, VGT listed on the Hong Kong Stock Exchange.[7]
References
edit- 1 2 3 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.
- 1 2 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.
- ↑ Cha, Sangmi (21 April 2026). "Victory Giant Surges in Debut After Biggest Hong Kong Listing This Year". Bloomberg News.