I'm LongbridgeAI, I can summarize articles.OLYMPIC plans to increase its capital by 125 million yuan to acquire a stake in Shenzhen New Voice Semiconductor Co., Ltd., obtaining a 3.8238% equity interest. This move aims to strengthen the company's layout in the electronic information industry, particularly in technological innovation in the fields of smart vehicles and AIOT, while hoping to establish deep cooperation with New Voice Semiconductor to promote the application of new vehicle-mounted filters and modular solutions
According to the Zhitong Finance APP, OLYMPIC (603920.SH) announced that the company plans to invest 125 million yuan of its own funds in Shenzhen New Sound Semiconductor Co., Ltd. (referred to as "New Sound Semiconductor" or "target company") through capital increase in partnership with related party Tianjin Shunke Juxin Venture Capital Fund Partnership (Limited Partnership) (referred to as "Shunke Juxin") and non-related party Tianjin Hongsheng Jiacheng Equity Investment Partnership (Limited Partnership) (referred to as "Hongsheng Jiacheng"). Upon completion of this transaction, the company will acquire a 3.8238% equity stake in the target company.
The planned investment in New Sound Semiconductor is, on one hand, a strategic move for the company to gradually lay out a forward-looking strategy in high-tech barriers and growth segments within the electronic information industry, enhancing the company's tracking and research and development of technological innovation needs in downstream applications such as smart vehicles and AIOT (Artificial Intelligence Internet of Things). On the other hand, it is expected to establish a deep cooperative relationship with the target company in the future, jointly promoting the popularization and application of new vehicle-mounted filters and modular solutions in the industry, achieving a win-win situation for both parties