Borqs Technologies’ stock jumped over 5% after the market opened, illustrating how the newest news had influenced the price and why investors should keep a watch on this firm.
Today, by signing a contract with the companies, Borqs Technologies receives land use rights for 240 Chinese acres (equivalent to 1.7 million square feet) to create a 5G industrial park, in particular for the research and development of 5G mobile technologies and incubation activities, the production of IoT products and storefronts, as well as the placement of facilities for visitors.
By constructing 5-g parks, BRQS may well surpass its last peak, which was on February 8, 2021, reaching $2.57. Demonstrating well-designed parks in China, the company can also obtain further permits that will contribute to the growth of the company, thereby increasing the shares for shareholders. Investors indeed should pay attention to companies, which are developing new technologies.