On July 2nd, Orientai Semiconductor made public its intention to issue convertible corporate bonds to unspecified investors, with the total amount of funds raised not surpassing 1.436 billion yuan. Following the deduction of issuance expenses, these funds are earmarked for the research, development, and commercialization of cutting-edge power device technologies and products, as well as the next generation of power management control chips. Additionally, the funds will support the establishment of a research and development center and bolster working capital reserves.
