Reported 8 months ago
Chen Liwen June 17, 2024, 6:01 a.m. Dahua invests 1.93 billion to seize the $700 million Ethernet market opportunity, acquiring a 29.3% stake in QCT and becoming its largest shareholder with a total MediaTek Group holding of 42.9%. Before the shareholders meeting of Dahua (6526) on the 21st, the board of directors decided to subscribe for private placement common stock of QCT for 27563800 shares at a price of 70.12 yuan per share, totaling 1.93 billion yuan. Dahua's stake in QCT has increased significantly, leading to a positive outlook in the market for future collaborations to tap into the Ethernet market worth $700 million combining vertical and horizontal markets.
Source: YAHOO