LVTONG Technology made an announcement on June 2, revealing its intention to acquire at least 51% equity in Jiangsu Damo Semiconductor via cash transactions, thereby gaining a controlling interest. Damo Semiconductor, a renowned enterprise in China, specializes in front-end metrology and repair equipment for semiconductors. This strategic acquisition is poised to broaden LVTONG Technology's business horizon, transitioning from its current focus on site electric vehicles into the burgeoning semiconductor sector.
