JJM has announced its intention to invest RMB 220 million from its own funds into the capital expansion of Wuxi Chengheng Microelectronics Co., Ltd. Upon successful completion of this transaction, JJM will directly own a 33.59% equity stake in Chengheng Microelectronics. Furthermore, through concerted actions, JJM will secure a total of 64.89% voting rights, thereby becoming the controlling shareholder of the company. Chengheng Microelectronics specializes in the design, research and development, as well as sales of edge-side AI chips, operating under a Fabless business model. Its portfolio encompasses integrated circuit design, chip architecture design, supporting software development, and industry-specific solutions.
