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Times Electric (688187.SH) subsidiary plans to establish a joint venture Beijing CRRC Times Huaishi Semiconductor Co., Ltd.

Zhitongcaijing·07/31/2026 10:09:16
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Zhitong Finance App News, Times Electric (688187.SH) announced that in order to deepen semiconductor IGCT technology product development and industrial cooperation, further enhance the core competitiveness of the semiconductor industry and expand the product spectrum and application fields, the company's subsidiary Zhuzhou CRRC Times Semiconductor Co., Ltd. (“Times Semiconductor”) and Beijing Huairou Laboratory and other companies jointly invested 287 million yuan to establish Beijing CRRC Times Huaishi Semiconductor Co., Ltd. in Huairou District of Beijing. Among them, Semiconductor invested 192 million yuan, accounting for 67% of the registered capital of the China Times Joint Venture. The joint venture is included in the scope of Times Semiconductor's consolidated financial statements.