Core Viewpoint - The article discusses the strategic acquisitions and investments made by Kangda New Materials, highlighting its expansion into the semiconductor and adhesive materials sectors, as well as its internationalization efforts in Southeast Asia [2][3]. Group 1: Acquisition and Investment - On August 14, Kangda New Materials announced a cash acquisition of 51% equity in Chengdu Zhongke Huamei Electronics Co., Ltd. for 275 million RMB, aiming to enhance its capabilities in the semiconductor integrated circuit field [2]. - On August 9, Kangda New Materials decided to increase capital in its subsidiary, Kangda New Materials (Thailand) Co., Ltd., with a total investment of approximately 10 million THB (around 2 million RMB), indicating a significant commitment to its Southeast Asian operations [2]. Group 2: Strategic Rationale - The acquisition of Zhongke Huamei is intended to integrate high-quality assets in the special integrated circuit design and testing sector, thereby expanding Kangda's footprint in the semiconductor industry [2]. - The investment in Thailand is part of a broader strategy to establish a production base for adhesive new materials, targeting the ASEAN market and leveraging Thailand's favorable logistics and supply chain environment [3]. Group 3: Market Positioning - Kangda New Materials (Thailand) is currently in the investment phase, with total assets below 10 million RMB and no revenue generated yet. The capital increase will expand its capital base nearly 50 times, signaling an acceleration in construction and capacity ramp-up [3]. - The company is building a "domestic R&D + overseas manufacturing" dual-cycle model to enhance its risk resilience and competitiveness in international markets [3].