On December 8, at the Shanghai Stock Exchange, the audit status regarding Awinic Technology's (688798) application for issuing convertible bonds was updated to 'Registration Submitted'. The company aims to raise an amount not exceeding 1.901 billion yuan. The raised funds are earmarked for four R&D (Research and Development) and industrialization projects: establishing a global R&D center, developing end-side AI (Artificial Intelligence) and related supporting chips, automotive chips, and motion control chips.
