Maxio Technology Plans Private Placement to Raise Up to 2.062 Billion Yuan for Memory Controller Chip Series Product R&D Project

Maxio Technology announced that it plans to raise up to 2.062 billion yuan through a private placement, which will be used for the R&D project of its next-generation data memory controller chip series products for data centers and intelligent terminals. It includes enterprise-grade PCIe Gen6 SSD controller chips, enterprise-grade PCIe Gen7 SSD controller chips, consumer-grade PCIe Gen6 SSD controller chips, UFS 5.0 embedded storage controller chips, as well as to supplement working capital.