Daqo New Energy (DQ) to Establish Kunshan Manufacturing Base for AI Data Center Energy Solutions
Key takeaways
- Daqo New Energy (DQ) to Establish Kunshan Manufacturing Base for AI Data Center Energy Solutions Maham Fatima Sun, June 28, 2026 at 12:33 AM GMT+7 1 min read DQ Daqo New Energy Corp.
- The investment is planned in two phases, with an initial commitment of RMB 2.1 billion and a total expected investment of approximately RMB 6 billion.
- The investment represents a diversification initiative intended to create additional growth opportunities beyond Daqo's core polysilicon business.
Daqo New Energy (DQ) to Establish Kunshan Manufacturing Base for AI Data Center Energy Solutions Maham Fatima Sun, June 28, 2026 at 12:33 AM GMT+7 1 min read DQ Daqo New Energy Corp. (NYSE:DQ) is one of the underperforming tech stocks to buy according to analysts. On June 3, Daqo New Energy signed an agreement to establish a new manufacturing base in the Kunshan Economic and Technological Development Zone to produce energy solutions for AI data centers. The project will focus on developing and manufacturing energy storage systems, solid-state transformers, circuit breakers, and batteries.
The investment is planned in two phases, with an initial commitment of RMB 2.1 billion and a total expected investment of approximately RMB 6 billion. This expansion marks a strategic diversification for the company, aiming to use its technical expertise to capitalize on the increasing demand for specialized energy infrastructure driven by the global growth of AI.
The investment represents a diversification initiative intended to create additional growth opportunities beyond Daqo's core polysilicon business. By moving into vertically integrated energy solutions for data centers, Daqo New Energy Corp. (NYSE:DQ) aims to secure new growth engines amid the ongoing global energy transition.