On October 22, Vicor Precision disclosed that it had entered into a Joint Venture Agreement with Xinlian Private Equity Fund Management Partnership. Under this agreement, both entities intend to collaborate on investing in projects focused on the research, development, design, manufacturing, and marketing of precision components and automated production lines tailored for the semiconductor industry. The execution of these projects will be carried out by Shaoxing Weixin Youke Precision Components Co., Ltd.

This strategic investment is geared towards expanding the company's manufacturing capabilities for high-end precision components, notably core semiconductor parts. It also aims to refine the company's product mix by incorporating items with significant technical hurdles, expedite the deployment of high-end offerings, and bolster its competitive edge in the semiconductor, integrated circuit, and automotive markets. Ultimately, this move is anticipated to inject fresh vitality into the company's performance growth and propel its trajectory towards high-quality development.