Rumor ties Nvidia to $2 billion Zhongji Xuchuang stake, Xinyisheng IPO

Market rumors said Nvidia was planning a $2 billion strategic investment in Zhongji Xuchuang, an optical module maker, with the funds slated for next-generation optical module research and development, global capacity expansion and construction of a new factory in Thailand. The same speculation said Nvidia was also interested in becoming a cornerstone investor in Xinyisheng's Hong Kong IPO. On Aug. 12, a person related to Zhongji Xuchuang said the company was not aware of the rumor and that investors should refer to relevant company announcements, while Xinyisheng said it was not in a position to comment and directed investors to official disclosures regarding its H shares.

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