China's Nexchip Semiconductor, partners plan to boost capital in unit

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 05 Nov, 13:39 UTC

Nexchip Semiconductor Corp announced that they, along with their partners, are set to invest a hefty 9.1 billion yuan, which is about 1.36 billion dollars, to boost their unit’s capital. Additionally, they’ve got plans to buy back their A-shares, adding to their financial strategy and strengthening…