HK Stock Market Move | PATEO (02889) rose more than 6% at the close, jointly with Fuyao and the University of Science and Technology, laying out the strategy for silicon light and the fourth generation semiconductor to further improve the ecological environment of the light industry.

PATEO rose more than 6% in the final trading session, closing up by 3.66% at HK$184, with a turnover of HK$717.498 million. On the news front, on June 17th, PATEO officially signed a cooperation agreement with the new research-oriented university, Fujian Fuyao Technology University (referred to as Fuyao Tech). The two parties will focus on core materials such as electro-optic modulators, silicon photonics integration, and fourth-generation semiconductors, and plan to commercialize the research results. This move accurately captures the intersection point of the trillion-level track of AI computing power and optical communications explosion, aiming to establish a complete closed-loop chain from "material-chip-commercial application". It is worth noting that after recently announcing a joint acquisition of a photonics company with Ping An Capital, Botech quickly initiated technical integration and upstream resource alignment. This cooperation with Fuyao Tech now focuses not only on device manufacturing but directly targets the source of the optical communications industry - core materials. According to the agreement, PATEO will invest in R&D funds with Fuyao Tech, specifically supporting their breakthroughs in electro-optic modulator core materials, silicon photonics integration technology, and fourth-generation semiconductor technologies in the School of New Materials and New Energy. Botech indicated that this collaboration with Fuyao Tech is another important improvement in the optical industry ecosystem following the proposed acquisition of the photonics company.