MINDEO(SZ:300656)2024-03-14 11:38Group 1: Production Progress - The Guangxin Microelectronics project began mass production in December 2023, with over 3,000 high-voltage DMOS products and 900V-1200V series products already in production [1] - By June 2024, Guangxin Microelectronics is expected to achieve a monthly production capacity of 10,000 wafers, increasing to over 30,000 wafers by the end of the year [1] - The Chip Microtech project achieved line production on December 27, 2023, with over ten clients validating IGBT, SGT, and special power IC products [2] - By June 2024, Chip Microtech aims to reach a monthly order volume of 5,000 pieces, with a target of 15,000 to 20,000 pieces by the end of the year [2] Group 2: Strategic Decisions - The decision to acquire Guangxin Microelectronics was influenced by its established production capabilities and market demand [1] - The barcode recognition business has been upgraded to the AiDC (Artificial Intelligence & Data Capture) division, expanding its market potential [2] - The company plans to leverage its expertise in barcode recognition to develop AI models suitable for various manufacturing sectors, including automotive and medical devices [2] Group 3: Financial Goals - Chip Microtech's first-phase capacity is set at 40,000 6-inch wafers per month and 15,000 8-inch wafers per month, with a goal of achieving positive cash flow by Q4 2024 [2] - Plans for external financing in the second half of the year are in place to support the expansion of Chip Microtech's production capacity [2]