On November 5, Nexchip announced plans to team up with Hefei Construction Investment and Hefei Qinhe to inject capital into its wholly-owned subsidiary, Hefei Jingyi Integrated Circuit Co., Ltd. (Jingyi Integrated), at a price of RMB 1 per unit of registered capital, with a total capital injection of RMB 9.1 billion in monetary form. Of this amount, Nexchip will contribute RMB 5.1 billion, Hefei Construction Investment RMB 3 billion, and Hefei Qinhe RMB 1 billion. Upon completion of the capital injection, Jingyi Integrated's registered capital will increase from RMB 2 billion to RMB 11.1 billion. Jingyi Integrated serves as the construction entity for Nexchip's Phase IV project, which involves a total investment of RMB 35.5 billion. The company is currently building a 12-inch wafer manufacturing line with a capacity of approximately 55,000 wafers per month, focusing on 40nm and 28nm CIS, OLED, and logic processes. Its products are expected to be widely used in OLED display panels, AI-powered phones, AI computers, smart vehicles, and artificial intelligence, among other fields.