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Recently, iFLYTEK, a company that has found itself on the United States' blacklist, took a significant stride by establishing a wholly-owned subsidiary—Shandong Yixun Information Technology Co., Ltd. This new entity boasts a registered capital of 50 million yuan. Its business scope is quite extensive, encompassing semiconductor design, the provision of technical consulting services for AI public service platform technologies, and basic software development, to name a few. The overarching goal is to bolster the self-reliance of China's technology sector. Undeterred by the challenges it faces, iFLYTEK remains steadfast in its commitment to utilizing domestic chips and is continuously deepening its relevant strategic arrangements (the term "layout" can be a bit abstract in this context; "arrangements" conveys a more tangible sense of planning and action).
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