Chaince Digital and ZJK Industrial plan $200 million US gigafactory

Chaince Digital Holdings Inc. (NASDAQ: CD) and ZJK Industrial Co., Ltd. (NASDAQ: ZJK) entered into a non-binding Strategic Cooperation Framework Agreement to establish a precision components manufacturing facility in the United States.

The companies plan to deploy up to $200 million across multiple projects using self-owned capital and external fundraising, according to a company statement. The facility will focus on precision components for artificial intelligence, semiconductor equipment, liquid-cooling systems, electric vehicle parts, and consumer electronics.

The gigafactory will not engage in restricted semiconductor segments such as wafer fabrication, chip design, or advanced packaging. Operations will be conducted through a Delaware joint venture that will oversee research and development and production activities.

Under the agreement, Chaince Securities, LLC, a subsidiary of Chaince Digital, was appointed as ZJK's capital markets strategic advisor for five years. The advisory role will cover capital markets strategy, financing for the US facility, and support for ZJK's US headquarters operations.

"This partnership will significantly strengthen ZJK's manufacturing footprint in the United States, enabling us to serve global technology customers with greater efficiency while advancing Made in America initiative," said Ning Ding, Chief Executive Officer of ZJK Industrial.

ZJK Industrial specializes in precision fasteners and metal parts for intelligent electronic equipment, new energy vehicles, aerospace, and artificial intelligence systems. The company has operated in precision metal parts manufacturing for over fourteen years.

Chaince Digital, formerly Mercurity Fintech Holding Inc., provides tokenization solutions and digital-asset capital markets infrastructure through its subsidiaries, including FINRA-registered broker-dealer Chaince Securities, LLC.

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