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Asia

Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devices

Markets-Economic Times · 2h ago · 🇮🇳 India

Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devices

Shares of Sterlite Technologies and HFCL rallied 5% each after reports that the US administration is considering restrictions on Chinese data centre equipment imports. The proposed curbs could impact optical transceivers used in AI infrastructure. HFCL’s planned ₹400 crore capacity expansion in optical fibre and cable manufacturing also gains attention amid rising demand from AI, data centres and telecom networks.

Read the full story at Markets-Economic Times →

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