Wuxi Chipown Micro-Electronics Limited(688508) it is proposed to raise no more than 1.099 billion yuan

Wuxi Chipown Micro-Electronics Limited(688508) announced that the company plans to issue A-Shares to specific objects with a total amount of no more than 1098838800 yuan. After deducting the issuance expenses, the net fund-raising will be used for the R & D and industrialization project of high-voltage power supply and electric drive power chip of new energy vehicles, the R & D and industrialization project of industrial digital power management chip and matching power chip, and the project of Suzhou R & D center.