Alchip Technologies, Limited announced that it expects to receive funding from Amazon.com, Inc.
May 13, 2024
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Alchip Technologies, Limited announced a private placement that it will issue 224,537 common shares to receive funding on May 14, 2024. The transaction will include participation from new investor, Amazon.com, Inc. The transaction has been approved by the board of directors of the company.
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 
