Is Hygon Information Technology Co Ltd Stock Halal?

Hygon Information Technology Co., Ltd. engages in the research, development, design, sale of high-end processors used in computing and storage devices such as servers and workstations. The company is headquartered in Beijing, Beijing and currently employs 3,333 full-time employees. The company went IPO on 2022-08-12. The firm's products include Hygon central processing unit (CPU) and Hygon drive control unit (DCU). Hygon CPU products include 7000 series, 5000 series and 3000 series. Hygon DCU products mainly include 8000 series. Hygon CPU is used in telecommunications, finance, Internet, education, transportation and other fields. Hygon DCU is used in big data processing, artificial intelligence, business computing and other fields. The firm mainly operates its businesses in the domestic market.