Core Insights - The company Zhongtian Jingzhuang (002989) is actively expanding its semiconductor business through investments in related enterprises, indicating a strategic shift towards the semiconductor industry [1][2] Group 1: Project Developments - Chip design, packaging, and module manufacturing project announced by Chip Ji Semiconductor in Dongyang, Zhejiang Province, with specific construction plans yet to be disclosed [1] - The company’s subsidiary, Keres Semiconductor, has launched its FCBGA packaging substrate project, aiming to become a global leader in FCBGA smart manufacturing [1] Group 2: Strategic Transformation - Following a change in control to the Dongyang Municipal Government's State-owned Assets Supervision and Administration Office, the company plans to leverage state-owned resources to drive strategic transformation and engage in self-controlled industries [2] - The company is focusing on investments in high-quality targets within the semiconductor supply chain, including ABF substrates, advanced packaging, and HBM design and manufacturing [2]