On the evening of January 13, Konka Group released an announcement detailing plans to acquire a 78% stake in Hongjing Microelectronics, alongside the mobilization of supporting funds. Konka emphasized that this strategic move will enhance its position within the semiconductor industry chain, paving the way for new avenues of growth for the company. Hongjing Microelectronics specializes in audio and video chip design, with its products enjoying extensive application in various sectors including commercial displays and high-speed rail screen displays. This acquisition aligns seamlessly with Konka's existing business operations, fostering a mutually beneficial synergy.
