Fudan Microelectronics announced that it plans to jointly invest with Zhuoyuan Ruixin, Zhuoyuan Yuxin, Zhou Jun, and Wang Yanzheng to establish Shanghai Zhuoyuan Hongxin Semiconductor Technology Co., Ltd., with a total investment of 70 million yuan. The company will contribute intangible assets valued at 17.5 million yuan for a 25% stake. This transaction constitutes a related-party transaction and aims to promote the corporatization of the high-power burn-in testing system team, focus on the core business, and reduce operating costs.
Shanghai Fudan Microelectronics Group Co LtdPlans joint venture to spin off burn-in testing business, contributing intangible assets for 25% stake; related-party transaction aimed at focusing on core business and reducing costs.
Newly established company, not yet operational; impact depends on future performance.
Investor in the joint venture, but not publicly traded; impact on its own business unclear.
Investor in the joint venture, but not publicly traded; impact on its own business unclear.
