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SINGAPORE - SuperX AI Technology Limited (NASDAQ:SUPX) announced Friday it has entered into a definitive agreement with the Hong Kong subsidiary of Shenzhen Chengtian Weiye Technology Co., Ltd. (Shenzhen Stock Exchange:300689), a company with an $827 million market cap and impressive 88% return over the past year according to InvestingPro, to establish a joint venture in Singapore.
The new entity, SuperX Cooltech Pte. Ltd., will develop liquid cooling products and infrastructure solutions for the global market, excluding mainland China, Hong Kong SAR, and Macau SAR. SuperX will become the largest shareholder in the joint venture. Chengtian Weiye brings strong fundamentals to the partnership, with InvestingPro data showing 24% revenue growth and a healthy current ratio of 5.4x, indicating robust operational efficiency.
The partnership aims to address growing thermal management challenges in AI data centers, where new GPU architectures like NVIDIA Blackwell are pushing single-rack power consumption above 100kW, exceeding the capabilities of traditional air cooling methods.
Through this collaboration, SuperX will integrate Chengtian Weiye’s manufacturing and R&D capabilities in liquid cooling technology into its global operations. Chengtian Weiye’s subsidiary, Chengtian Ketai, has established production capacity for key components including Micro Channel Liquid Cold Plates and Cooling Distribution Units.
The joint venture will enable SuperX to offer customers a comprehensive product range from AI servers to complete liquid-cooled rack systems, potentially simplifying procurement and deployment processes for data center operators.
As data centers face increasing power density challenges, liquid cooling solutions have gained traction for their ability to improve heat exchange efficiency and server stability while reducing energy consumption.
The information in this article is based on a company press release statement. For comprehensive analysis and additional insights on Chengtian Weiye, including 12 more exclusive ProTips and detailed financial metrics, visit InvestingPro.
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