Friday, 13 November, 2026
Huawei Spinoff Bets Big: AI Server Maker xFusion Clears $1.2 Billion Shenzhen IPO Hurdle
By TechShots Studio
Chinese AI server maker xFusion Digital Technologies—originally spun off from Huawei's x86 server business—has passed a key Shenzhen Stock Exchange review for its planned 8 billion yuan ($1.2 billion) listing on the ChiNext growth board. While regulators scrutinized shrinking gross margins, cash flow, and supplier concentration, the listing committee confirmed xFusion met all disclosure requirements with no remaining hurdles to address.
Read full story at REUTERS