According to the Zhitong Finance APP, TECHSEM (300046.SZ) announced that based on the company's strategic planning and business development needs, it intends to use its own funds or self-raised funds of 100 million yuan to invest in the establishment of a wholly-owned subsidiary, TECHSEM Semiconductor Technology (Wuhan) Co., Ltd. (tentative name, subject to the final registration by the market supervision and administration department). At the same time, the board of directors authorized the company's management to be fully responsible for handling matters related to this external investment.

The establishment of the wholly-owned subsidiary, TECHSEM Semiconductor Technology (Wuhan) Co., Ltd., is an important measure for the company based on strategic development needs, aimed at enriching core technologies and products around its main business and continuously enhancing technological strength. This will help improve the company's overall competitiveness, strengthen its comprehensive strength, and achieve long-term strategic goals