Bullish indicating open at $55-$60, IPO prices at $37
WUXI, China - HUHUTECH International Group Inc. (NASDAQ:HUHU), a $105 million market cap company currently trading at $4.97, has established a wholly owned subsidiary in Arizona called ASPIRATIONAL TECHNOLOGY CO., the company announced Tuesday.
The subsidiary, which was formed on January 30, 2025, represents HUHUTECH’s entry into the U.S. market as part of its global expansion strategy. The new operation will focus on providing high-purity gas and chemical production systems for the American semiconductor industry. InvestingPro data shows the company achieved 8.47% revenue growth in the last twelve months, with total revenue of $18.15 million.
According to the company, Aspirational Technology will offer localized services spanning the entire lifecycle of high-purity systems, including customized design, installation, commissioning, and after-sales support.
"The United States is home to one of the world’s most dynamic semiconductor industries, and our strategic expansion will allow us to tap into the vast potential of its high-purity gas and chemical production system market," said Yujun Xiao, Chief Executive Officer of HUHUTECH.
HUHUTECH, based in China, specializes in factory facility management and monitoring systems. The company designs and provides customized high-purity gas and chemical production systems through its subsidiaries in China, Japan, and now the United States.
The company’s product portfolio includes high-purity process systems and factory management control systems that utilize standardized module software to increase operational efficiency.
HUHUTECH serves clients in the semiconductor industry, including LED and micro-electronics factories, as well as some pharmaceutical and food and beverage manufacturers.
This information is based on a company press release statement.
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