Konka Group plans to acquire 78% of Hongjing Microelectronics Technology Co., Ltd.

Konka Group announced that it plans to purchase 78% of the shares of Hongjing Microelectronics Technology Co., Ltd. and plans to raise supporting funds. This move is aimed at improving Konka's layout in the semiconductor industry chain and finding new growth points. Hongjing Microelectronics has technical advantages in multimedia chip design, and its chip products are widely used in many fields. Through this acquisition, Konka will be able to enhance the independent controllable capabilities of upstream core chips in high-end display terminals and other fields, further expand the application areas of semiconductor business, and enter more high value-added markets.