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Shanghai Fudan Microelectronics Group Co ( (HK:1385) ) has provided an update.
Shanghai Fudan Microelectronics has signed a cooperation agreement with Fudan University and Shanghai Guosheng Group Investment to jointly build an integrated circuit engineering technology convergence innovation centre. The centre, operating within Fudan University’s School of Microelectronics, will function as a non-independent R&D platform assembling specialist researchers and external talent to drive collaborative chip innovation.
The collaboration will target cutting-edge domains including high-end FPGA EDA tools, intelligent computing and novel memory, with the goal of developing domestic FPGA software and hardware platforms and reducing China’s reliance on imported high-end FPGAs. The board deems the agreement to be on normal commercial terms and beneficial to shareholders, while the connected-transaction structure triggers disclosure, review and shareholder-approval procedures under Hong Kong and Shanghai listing rules due to the scale and related-party nature of the arrangement.
More about Shanghai Fudan Microelectronics Group Co
Shanghai Fudan Microelectronics Group Company Limited is a PRC-based integrated circuit designer and manufacturer focused on advanced chip technologies. The company develops products in areas such as field-programmable gate arrays (FPGAs), intelligent computing, and memory systems, targeting high-end, domestically developed semiconductor solutions for the Chinese market.
YTD Price Performance: -6.27%
Average Trading Volume: 4,975,358
Technical Sentiment Signal: Buy
Current Market Cap: HK$56.58B
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