The AI boom has a bandwidth problem

Chinese optical transceiver maker Ligent Technologies will place about 172 million shares at HK$32.96, raising roughly HK$5.67 billion. Trading starts September 22 under code 9856, with the company valued at about HK$32.4 billion. Data center transceiver revenue grew from 25% in 2023 to 69.4% in H1 2026.

• 172 million shares at HK$32.96, raising HK$5.67 billion
• Company valued at about HK$32.4 billion, trading starts September 22
• Datacom transceiver revenue grew from 25% to 69.4% in three years
• 1581 granted patents and 726 applications as of September 5, 2026