【Gigalight-KY】Company's Press Release on the Press Conference Held on May 08, 115 (2026)
Gigalight Technology Co., Ltd. announced on May 8, 2026, its board's resolution to acquire 100% equity of Pingood Group, which includes Pingood Enterprise Co., Ltd. This acquisition aims to expand into the high-precision mechanical components sector and grow its business in the data center and AI markets.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:40 (40 min after Collected)
1. Date of occurrence of the event: 2026/05/08
2. Company name: Gigalight Technology Co., Ltd.
3. Relationship with the company (please enter 'the company' or 'a subsidiary'): The company
4. Mutually held shares ratio: Not applicable
5. Reason for the occurrence:
To achieve internationalization and expand operational scale, further enhance operational performance, and strengthen global competitiveness, the company's board of directors today resolved to acquire 100% equity of Pingood Enterprise Co., Ltd., Pingood (Thailand) Co., Ltd., Pingood Electronics (Dongguan) Co., Ltd., and Suzhou Pingood Electronics Technology Co., Ltd. (hereinafter referred to as "Pingood Group"). The funding sources will primarily be the company's own funds, supplemented by bank financing as needed.
The company has sound financials and extensive R&D and production experience in the field of optical communication components. Relying on years of accumulated optical path design and optical component packaging technologies, the company has long assisted customers in mass-producing products of their required specifications, applied to the development trends of data center construction and AI product commercialization.
In view of the future development of data centers and AI, Co-Package Optics (CPO) technology is considered the most critical core technology. Its related precision mechanical components will be used to achieve precise physical support and low-loss connection for optoelectronic components, driver ICs, and ASIC/GPU switch chips, as well as ELSFP (External Laser Source for Photonics) products, such as MT Ferrule for CPO, ELSFP Dissipation Connector Component; related precision products can also be widely applied in electric vehicles, aerospace, national defense, and biomedical fields.
Through this acquisition, the company intends to expand into the field of high-precision plastic and metal mechanical components. By optimizing existing product design and cost structure, and leveraging Pingood Group's extensive customer supply network, the company's high-value-added high-end customized optical communication related products will combine with Pingood's product portfolio to further comprehensively serve customers at all levels of the data center and other fields' supply chains. In addition, this acquisition is expected to enhance the company's business growth synergy and expand the supply of products and customer base in heat dissipation, connection, and structural support within data center application scenarios, jointly seizing the vast business opportunities in AI and other fields.
This acquisition case has been resolved by the company's board of directors, intending to acquire 100% of Pingood Group's equity. The purpose of this transaction, in addition to effectively utilizing the company's existing funds to strengthen investment, thereby promoting group business diversification and cross-field R&D technology development, also includes optimizing the geographical flexibility of production bases after integration, accelerating new product development and application field business opportunities, achieving maximized shareholder returns, and consolidating long-term competitiveness.
Pingood Group has been established in Taiwan for nearly 45 years. Its production bases span Greater China and Southeast Asia, mainly producing various micro plastic fasteners. Pingood, with its excellent team of over 400 people and unique independent mold production technology, provides one-stop solutions covering product design, mold development, automated production, and customized packaging. With high-quality services and a product portfolio of over ten thousand SKUs, it has established a large and stable customer base in the global electronics industry supply chain. Pingood's products are widely used in data centers, power supplies, thermal modules, AI PCs, network communication telecommunications, energy supply, and electric vehicles.
After this transaction, Pingood Group's management team will remain to ensure that future business procurement, quality commitments, and customer service remain unchanged, continuing to implement Pingood's core values of "Honesty and Reliability, Harmony Brings Wealth, Innovation and Change, Sustainable Operation." It is expected that in addition to continuing Pingood's existing operations, the cooperation between the two parties will inject new resources into the group, provide more innovative and thoughtful products and services, and always act as the best partner for customers in fastener supply.
6. Countermeasures: Material information has been issued.
7. Other matters that need to be specified (if the subject of the event or resolution is a public company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a significant impact on shareholders' equity or securities prices): None.
2. Company name: Gigalight Technology Co., Ltd.
3. Relationship with the company (please enter 'the company' or 'a subsidiary'): The company
4. Mutually held shares ratio: Not applicable
5. Reason for the occurrence:
To achieve internationalization and expand operational scale, further enhance operational performance, and strengthen global competitiveness, the company's board of directors today resolved to acquire 100% equity of Pingood Enterprise Co., Ltd., Pingood (Thailand) Co., Ltd., Pingood Electronics (Dongguan) Co., Ltd., and Suzhou Pingood Electronics Technology Co., Ltd. (hereinafter referred to as "Pingood Group"). The funding sources will primarily be the company's own funds, supplemented by bank financing as needed.
The company has sound financials and extensive R&D and production experience in the field of optical communication components. Relying on years of accumulated optical path design and optical component packaging technologies, the company has long assisted customers in mass-producing products of their required specifications, applied to the development trends of data center construction and AI product commercialization.
In view of the future development of data centers and AI, Co-Package Optics (CPO) technology is considered the most critical core technology. Its related precision mechanical components will be used to achieve precise physical support and low-loss connection for optoelectronic components, driver ICs, and ASIC/GPU switch chips, as well as ELSFP (External Laser Source for Photonics) products, such as MT Ferrule for CPO, ELSFP Dissipation Connector Component; related precision products can also be widely applied in electric vehicles, aerospace, national defense, and biomedical fields.
Through this acquisition, the company intends to expand into the field of high-precision plastic and metal mechanical components. By optimizing existing product design and cost structure, and leveraging Pingood Group's extensive customer supply network, the company's high-value-added high-end customized optical communication related products will combine with Pingood's product portfolio to further comprehensively serve customers at all levels of the data center and other fields' supply chains. In addition, this acquisition is expected to enhance the company's business growth synergy and expand the supply of products and customer base in heat dissipation, connection, and structural support within data center application scenarios, jointly seizing the vast business opportunities in AI and other fields.
This acquisition case has been resolved by the company's board of directors, intending to acquire 100% of Pingood Group's equity. The purpose of this transaction, in addition to effectively utilizing the company's existing funds to strengthen investment, thereby promoting group business diversification and cross-field R&D technology development, also includes optimizing the geographical flexibility of production bases after integration, accelerating new product development and application field business opportunities, achieving maximized shareholder returns, and consolidating long-term competitiveness.
Pingood Group has been established in Taiwan for nearly 45 years. Its production bases span Greater China and Southeast Asia, mainly producing various micro plastic fasteners. Pingood, with its excellent team of over 400 people and unique independent mold production technology, provides one-stop solutions covering product design, mold development, automated production, and customized packaging. With high-quality services and a product portfolio of over ten thousand SKUs, it has established a large and stable customer base in the global electronics industry supply chain. Pingood's products are widely used in data centers, power supplies, thermal modules, AI PCs, network communication telecommunications, energy supply, and electric vehicles.
After this transaction, Pingood Group's management team will remain to ensure that future business procurement, quality commitments, and customer service remain unchanged, continuing to implement Pingood's core values of "Honesty and Reliability, Harmony Brings Wealth, Innovation and Change, Sustainable Operation." It is expected that in addition to continuing Pingood's existing operations, the cooperation between the two parties will inject new resources into the group, provide more innovative and thoughtful products and services, and always act as the best partner for customers in fastener supply.
6. Countermeasures: Material information has been issued.
7. Other matters that need to be specified (if the subject of the event or resolution is a public company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a significant impact on shareholders' equity or securities prices): None.