31 March 2026 | 8:04AM HKT Equity Research China Semis: Iluvatar (9903.HK): Chairman visit: Positive on growth ahead on rising AI demand and enhanced products We visited Iluvatar's (9903.HK, Not Covered) Chairman in Shanghai recently. Iluvatar is a local leading GPU supplier and management is positive on the company's growth momentum ahead, supported by shipment ramp up of its GPGPU solution on the rising localization trend amid geopolitical tensions, and enhanced products for AI training/ inferencing. The ...