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China International Development Corporation Limited ( (HK:0264) ) has shared an update.
China International Development Corporation Limited has signed a non-legally binding memorandum of understanding with Powex Limited, a wholly owned subsidiary of Shaanxi-based Lonten Semiconductor, to form a strategic partnership aimed at building an advanced power semiconductor technology R&D centre in Hong Kong. The proposed centre, to be developed potentially with local universities and third-party institutions, will focus on third-generation power semiconductors based on wide-bandgap materials such as silicon carbide and gallium nitride, covering the full chain from materials research and product design to testing, application development and advanced manufacturing. With an exclusivity period of six months to negotiate definitive agreements, the initiative is positioned to make Hong Kong a regional innovation hub in power electronics, support the global shift to new energy vehicles and renewable energy, and strengthen the company’s role in green technology and high-value semiconductor R&D, which could enhance its technological edge and industry positioning if successfully implemented.
The most recent analyst rating on (HK:0264) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on China International Development Corporation Limited stock, see the HK:0264 Stock Forecast page.
More about China International Development Corporation Limited
China International Development Corporation Limited, listed in Hong Kong, operates through a group structure and is pursuing activities in advanced technology sectors, including power semiconductor research and development, with a growing focus on applications supporting global energy transition and green industry development.
Average Trading Volume: 1,165,056
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.12B
Learn more about 0264 stock on TipRanks’ Stock Analysis page.