Source: Tech – South China Morning PostA subsidiary of Ant Group has acquired a minority stake in memory chip developer InnoStar Semiconductor, signalling continued Chinese efforts to support domestic suppliers and reduce reliance on imported semiconductors.
Shanghai Yunya Enterprise Management Consulting, a wholly owned subsidiary of Ant Group, recently snapped up a 1.87 per cent shareholding in InnoStar for an undisclosed amount, according to registry records in late August from corporate information provider Aiqicha.
InnoStar had…Read More