New York, United States, July 28, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology ("Graphjet" or "the Company") announced today that it stands to benefit from the expansion in the semiconductor manufacturing in the United States, where many chip manufacturers have invested, especially in the production of AI Chips.
Tesla CEO, Elon Musk, made an announcement today that Tesla has signed a $16.5 billion chipmaking agreement with Samsung which will last until 2033 where Samsung's fabrication plant in Texas will be dedicated to making the next-generation AI6 inference chips, which is designed for humanoid robots, self-driving cars and AI data centers.
With the surging demand for specialized chips, especially AI chips, many manufacturers have been expanding their production capacity, including Taiwan Semiconductor Manufacturing Company (TSMC), which has announced its intention to invest in advanced semiconductor manufacturing in the United States by an additional $100 billion and Nvidia building supercomputers manufacturing plants in Texas.
"As a producer of graphite and graphene, Graphjet stands to benefit from the expansion of the AI chip production as graphite and graphene plays a crucial role in semiconductor manufacturing, particularly in processes requiring high temperature and precise control. The current growth in semiconductor industry in the United States is timely for our planned expansion to build a production plant in Nevada. We have started to generate revenue and have been gaining increasing interest in our product, with growing number of visits by corporate representatives and directors of multinational clients, requests for samples, and more qualification process. The growth in the semiconductor industry will accelerate the growth of our company." says Chris Lai, CEO of Graphjet.
About Graphjet Technology
Graphjet Technology (NASDAQ:GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world's first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet's sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.
Cautionary Statement Regarding Forward-Looking Statements
The information in this press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this his press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet's industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet's ability to develop and manufacture its graphene and graphite products; (vii) Graphjet's ability to return to and maintain compliance with Nasdaq continued listing standards; and (viii) those factors discussed in our filings with the Securities and Exchange Commission (the "SEC"). You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the "Risk Factors" section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.
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