HFI Innovation Inc. announced a private placement of up to 67,900,000 common shares at a price of TWD 10 per share for gross proceeds of up to TWD 679,000,000 on October 26, 2021. The transaction involved participation from existing investor MediaTek Inc. Pursuant to the transaction, the shares held by the investor in the company increased to 185,962,084 and it retains its 100% stake in the company. The transaction has been approved by the board of directors of the company.