Huamai Technology revealed in a statement that it intends to allocate 100 million yuan from its own reserves to subscribe to the newly augmented registered capital of 855,854 yuan in Xinhui Microelectronics (Shandong) Co., Ltd. Upon the completion of this transaction, Huamai Technology will secure a 6.4103% equity share in Xinhui Microelectronics, albeit without incorporating it into the consolidated financial statements. Xinhui Microelectronics stands out as a premier enterprise specializing in the design and marketing of high-performance FPGA chips and associated IP within China. Leveraging the 28nm process technology, its FPGA chips have successfully transitioned into mass production, positioning the company at the forefront of domestic manufacturers. FPGA chips, known for their versatility, find extensive applications across various sectors, including communications equipment, data centers, industrial control, artificial intelligence, military, and aerospace industries.