Hong Kong's Ingdan Q3 revenue more than doubles on AI chip demand

Overview

• Hong Kong tech distributor's preliminary Q3 revenue rose 130% yr/yr

• Preliminary Q3 profit from operations grew 134% yr/yr

Outlook

• Company says strong customer demand and diversified order book support business visibility

• Ingdan expects AI Token Factory contract value to approach US$2 bln by end-2026

• Company expects to maintain rapid growth momentum for rest of 2026

Result Drivers

• CHIP DEMAND - Co said strong demand for chips in AI data centers, memory and robotics sectors drove Q3 growth

• NEW BUSINESS CONTRACTS - Co said formal service contracts for new AI Token Factory business contributed to order book

• ORDER BOOK - Co said robust and diversified order book supported strong customer demand

Key Details

Reuters Recommended Reads

• Oct 30 - Asia chip firms see strong AI demand; market jitters continue

• Oct 30 - Intel on course for worst day ever, triggers global chip rout

• Nov 2 - China's robot makers have mastered the moves. Now comes the race for brains

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)