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Geely affiliated company invests in the establishment of a semiconductor company

Source: TechWeb 2021-05-20

[TechWeb] According to the enterprise search APP, Guangdong Xinyueneng Semiconductor Co., Ltd. was established recently. The legal representative is Xu Wei with a registered capital of 400 million yuan. The business scope includes integrated circuit design; integrated circuit manufacturing; integrated circuit chip and product manufacturing; Sales of integrated circuit chips and products; manufacturing of discrete semiconductor devices, etc. According to the company’s equity penetration chart, Wei Rui Electric Vehicle Technology (Ningbo) Co., Ltd. holds 40% of the company's shares. The former is an indirect wholly-owned company of Geely Automobile Group Co., Ltd.
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