On July 31, 2026, Times Electric made an announcement revealing that its subsidiary, Times Semiconductor, is set to embark on a collaborative investment venture alongside Beijing Huairou Laboratory and other partners. The joint endeavor aims to establish Beijing CRRC Times Huaishi Semiconductor Co., Ltd., with a total investment of 287 million yuan. Notably, Times Semiconductor will contribute a substantial 192 million yuan, constituting 67% of the joint venture's registered capital. This strategic move is designed to deepen the development and industrial cooperation surrounding semiconductor IGCT (Integrated Gate-Commutated Thyristor) technology products, thereby enhancing the core competitiveness of the semiconductor industry. While acknowledging the potential for strategic, operational, financial, legal, and market risks associated with the investment, it is deemed that the overall risks remain manageable and controllable.