Reported about 1 year ago
Yulong (5351) held a shareholders' meeting on June 25, 2024, where a new board of directors was elected and Lu Chaoqun was re-elected as the chairman. Despite the challenges faced by the semiconductor industry due to global economic inflation, weak consumption, and interest rate pressures, Yulong remains focused on developing specialized memory and logic chip products to cater to emerging applications like broadband communications, wireless networks, virtual reality, consumer electronics, and artificial intelligence, anticipating a recovery in the semiconductor industry in 2024 with an increase in demand, especially in the memory market.
Source: YAHOO