Mercurity Fintech Holding Inc. announced on December 16, 2024, the signing of a term sheet to establish a strategic joint venture (JV) in Hong Kong. This JV will focus on expanding into AI hardware intelligent manufacturing and supporting advanced cooling solutions for AI servers.
The collaboration is with a high-tech enterprise specializing in precision fasteners, structural parts, and other precision metal parts for new energy vehicles and smart electronic devices. Mercurity Fintech will hold a 51% stake in the JV, with an initial investment of USD $9.8 million.
The JV aims to produce precision components and accessories for global leaders in artificial intelligence, smart driving, and wearable technology. It will also explore opportunities in advanced cooling solutions, which are essential for next-generation AI servers, leveraging its partner's existing collaborations with a world-leading AI server company.
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