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Singapore-listed InnoTek sees shares soar 36% on Nvidia contract win

The Straits Times

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October 14, 2025

Shares of Singapore-listed InnoTek surged after the precision metal parts manufacturer said on Oct 13 that it secured contracts to supply components for artificial intelligence (AI) chip giant Nvidia.

Its shares jumped on the news, soaring 36.4 per cent, or 20 cents, to close at 75 cents on Oct 13.

InnoTek also said it has been approved as a “recommended vendor” for Nvidia and China’s IEIT Systems as at September.

InnoTek’s subsidiary Magix Mechatronics (Dongguan) Company secured initial precision machining orders for components used in Nvidia products, with production expected to commence in the fourth quarter of financial year 2025, the group said.

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