Alchip Technologies, Limited announced a financing transaction
April 16, 2024
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Alchip Technologies, Limited announced private placement to issue 1,000,000 common shares on April 16, 2024. The transaction was approved by board of directors. The aforementioned private placement price of a common share is determined by considering the Company's future prospects, including the restriction on the transfer of private stock shares within 3 years from the delivery dated The price is concluded be reasonable and will not have significant impact on shareholders' rights.
Alchip Technologies, Ltd. is principally engaged in the research, development, design and manufacturing of application specific integrated circuits (ASICs) and system-on-chip (SoC) products. The Company is also involved in the non-recurring engineering of wafers, which provides IC design component database and semiconductor intellectual property (SIP), and designs and tests products produced by its original equipment manufacturer for clients. The Company also offers wafer back-end manufacturing, packaging and testing services. The Company's main products are mainly applied in digital televisions, communications network, other consumer electronics, communication equipment, medical devices and automobile electronics, among others. The Company distributes its products in domestic markets, and to Japan and mainland China.
ALCHIP TECHNOLOGIES, LIMITED 
