Nov. 24 at 6:29 PM
ZJK Industrial shares rose after the precision fastener maker announced a strategic partnership with Chaince Digital to build a U.S.-based Gigafactory for R&D and manufacturing of high-value precision components. The companies plan to invest up to
$200 million through equity and external funding. The facility will produce components for AI hardware, semiconductor equipment, liquid-cooling systems, new-energy vehicles, and consumer electronics.
A Delaware-based joint venture with a U.S. management team will operate the plant, aiming to strengthen America’s high-end manufacturing ecosystem while supporting the “Made in America” strategy. The project will exclude restricted semiconductor segments such as wafer fabrication, chip design, and advanced packaging.
Chaince Securities will act as ZJK’s capital-markets advisor for five years, assisting with Gigafactory financing and the establishment of ZJK’s U.S. headquarters.
$ZJK $CD