NATIONAL INSTITUTE OF SCIENCE AND TECHNOLOGY: DEVELOPMENT OF AN INCREASE OF $5,061 MILLION IN FUNDING FOR A NEW GENERATION OF AI VISUAL PROCESSING CHIPS AND SOLUTIONS DEVELOPMENT AND INDUSTRIALIZATION PROJECTS

ON 17 JULY, THE NATIONAL SCIENCE AND TECHNOLOGY DEPARTMENT ANNOUNCED THAT THE COMPANY INTENDED TO RAISE NO MORE THAN $5,061 MILLION FOR THE DISTRIBUTION OF SHARES TO SPECIFIC TARGET GROUPS, AND THAT NET FUND-RAISING, NET OF THE COST OF DISTRIBUTION, WAS TO BE INVESTED IN A NEW GENERATION OF AI VISUALIZED CHIPS AND SOLUTIONS DEVELOPMENT AND INDUSTRIALIZATION PROJECTS, MEDIA INTERACTIVE AI CHIP DEVELOPMENT AND INDUSTRY PROJECTS, END-AI CHIP DEVELOPMENT AND INDUSTRIALIZATION PROJECTS AND SUPPLEMENTARY LIQUIDITY. THIS TIME, THE NUMBER OF SHARES ISSUED TO A SPECIFIC TARGET GROUP DOES NOT EXCEED 6513.07 MILLION AND THE NUMBER OF PERSONS ISSUED DOES NOT EXCEED 35, AND THE FUNDS RAISED WILL BE USED FOR THE DEVELOPMENT AND PRODUCTION OF THE COMPANY ' S AI CHIPS TO SUPPLEMENT THE LIQUIDITY TO SUPPORT BUSINESS DEVELOPMENT AND MARKET EXPANSION。