Espressif Systems Co., Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
August 10, 2023 at 05:04 am EDT
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Espressif Systems (Shanghai) Co., Ltd. (SHSE:688018) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of three months.
Espressif Systems Shanghai Co Ltd is a China-based company mainly engaged in the research and development, design and sales of Internet of Things (IoT) communication chips and modules. The Company mainly provides customers with overall solutions for the IoT. The Company is also engaged in the technical development of related compilers, tool chains, operating systems, application development frameworks, etc. The Company's products mainly include ESP8266, ESP32, ESP32-C and ESP32-S IoT chip product series. Its products are mainly used in smart home, electrician, lighting, smart speakers, consumer electronics, mobile payment, industrial control and other IoT fields. The Company mainly conducts its businesses in domestic and overseas markets.
ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD. 
