Nexchip Integration has revealed its strategic intention to invest RMB 2 billion in Hefei Jingyi Integrated Circuit Co., Ltd., a transaction that will be executed through a combination of equity transfer and capital injection. This move aims to secure 100% ownership of Jingyi Integration, thereby integrating it into Nexchip Integration's consolidated financial statements. The investment plan has successfully garnered approval from the 30th meeting of the second session of Nexchip Integration's board of directors, eliminating the need for further ratification by the shareholders' meeting. Once the investment is finalized, Jingyi Integration will officially become a wholly-owned subsidiary of Nexchip Integration, marking a significant milestone in the company's expansion strategy.
