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• Chinese state-owned enterprise (SOE) HGTech (Huagong Tech) just reported that it achieved record revenue in H1 2026, amounting to just over $1 billion. The company credited the results to success...
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Chinese state-owned enterprise (SOE) HGTech (Huagong Tech) just reported that it achieved record revenue in H1 2026, amounting to just over $1 billion. The company credited the results to success in its core pillar businesses, including ‘intelligent manufacturing,’ a category that includes the metal additive manufacturing (AM) operations of the company’s subsidiary HG Laser.
HG Laser is specifically targeting data center thermal management solutions as the core of its metal AM business. On its website, it describes one of its PBF systems as “[p]urpose-built for consumer electronics (3C) and AI hardware applications.” This is now standard operating procedure for Chinese metal AM companies.