Weir shares to be invested 60 million yuan to participate in Qingdao Semiconductor Fund

Set micro-mesh news, Shanghai Weill Semiconductor Co., Ltd. The fourth meeting of the 19th Board of Directors held on October 31, 2017, the meeting considered and approved "on the approval of subsidiaries to open special account to raise funds and sign the regulatory agreement motion Proposal on Using Raised Funds to Replace Self-raised Funds Raised for Investment in Raised Funds in Advance, and About the Company's Participation in Investment in Establishing Qingdao Haysmin and Semiconductor Funds.

Shanghai Weir Semiconductor Co., Ltd. intends to invest 60 million yuan in cash to participate in the establishment of Qingdao Haysimin and semiconductor fund companies (limited partnership).

It is reported that Qingdao Haisimin and semiconductor fund enterprises (limited partnership) by the Qingdao Urban Construction Investment (Group) Co., Ltd. led the establishment of the total fund size of 3.0 billion yuan, with a focus on integrated circuit mergers and acquisitions and core competition Power company's investment.

Notice that the foreign investment in the short term the company's financial position and operating results will not have a significant impact on the long term will help enhance the company's semiconductor industry in the field of technology and competitiveness, while achieving a certain return on investment, does not exist Damages to the interests of the company and its shareholders.

Weir said that the company through years of independent innovation, technology accumulation and market development, in the TVS, MOSFET, Schottky diodes, power management IC and other fields have formed a strong market advantage.In order to strengthen the company at home and abroad integration The layout of the circuit industry, enhance the company's core competitiveness in the field of IC design, and further expand the company's product line, the company intends to participate in the investment to set up the fund, with the fund and fund participants to seek synergies of industrial mergers and acquisitions, investment , Through the funds invested by the enterprises to establish strategic cooperative relations, accelerate the effective integration of industry quality resources, and further enhance the company's research and development capabilities.

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