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Zhongwei Semiconductor plans to invest 160 million yuan to increase its capital in storage chip company Zhuhai Boya, acquiring a 20% stake.
Viewpoint Network News: On March 22, Zhongwei Semiconductor (688380.SH) announced that, due to strategic planning considerations and the company’s need to accelerate the development of its storage chip business, it plans to use 160 million yuan of its own funds to increase its capital in Zhuhai Boya Technology Co., Ltd., subscribing to 12.5 million yuan of its new registered capital, with the remaining amount recorded as capital reserve. After the transaction is completed, the company will hold a 20% stake in Zhuhai Boya, becoming a shareholder.
It is introduced that Zhuhai Boya is a national high-tech enterprise focused on the research and development of storage chips such as NOR Flash. It was founded with the participation of overseas returnee doctors and conducts R&D on two different NOR Flash process structures, ETOX and SONOS. Its products cover full capacities from 512Kb to 2Gb, across multiple categories, and are widely used in consumer electronics, industrial control, communication equipment, automotive electronics, and other fields.
Disclaimer: The content and data of this article are organized by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.