On June 24, Changchuan Technology unveiled its strategy to issue shares to select investors, aiming to raise a total of 3.132 billion yuan. Out of this amount, 2.192 billion yuan will be dedicated to funding research and development projects for semiconductor equipment, while the remaining funds will be utilized to bolster working capital. Changchuan Technology, a specialist in the R&D of dedicated equipment for integrated circuits, intends to use this capital injection to drive product iteration and upgrades, thereby addressing the demands for independent controllability.