Core Viewpoint - Gree Electric Appliances has been actively involved in the chip industry since 2015, establishing various research and development entities to enhance its capabilities in semiconductor technology [1] Group 1: Company Initiatives - The company has set up a communication technology research institute focusing on microelectronics and power semiconductors [1] - In 2018, Gree established Zhuhai Zero Boundary Integrated Circuit Co., Ltd., which is responsible for the research, development, and sales of MCU chips, smart home chips, and power device products [1] - In 2022, the company founded Zhuhai Gree Electronic Components Co., Ltd., focusing on the manufacturing of third-generation semiconductor silicon carbide wafers, power device packaging and testing, and semiconductor testing services [1] Group 2: Workforce and Expertise - Gree's chip team consists of nearly 1,000 members, with over 60% being technical personnel [1]

Group 1 - The Hong Kong Innovation and Technology Commission announced support for Jereh Semiconductor (Hong Kong) Limited's application under the "New Industrial Acceleration Program" to build a third-generation silicon carbide wafer production facility [1] - The total budget for the project exceeds 700 million HKD (approximately 639 million RMB), with an expected approval of around 200 million HKD (approximately 183 million RMB) in funding [1] - Jereh Semiconductor was registered in Hong Kong in October 2023 and plans to officially commence operations in June 2024, with a global R&D center also set to open [1] Group 2 - The "New Industrial Acceleration Program" launched by the Hong Kong government in September 2024 aims to support strategic enterprises in life and health technology, artificial intelligence and data science, advanced manufacturing, and new energy technology [2] - Eligible enterprises must invest at least 200 million HKD (approximately 183 million RMB) in new smart manufacturing facilities, with each project having a total cost of at least 300 million HKD (approximately 274 million RMB) [2] - Each enterprise can receive a maximum of 200 million HKD in funding under the program, along with additional support for hiring R&D personnel and encouraging local R&D expansion [2]