YMTC, one of China’s leading semiconductor firms, has secured a new funding round with a CNY1.6 billion (approx. US$220 million) capital injection from Quanhong Investment, a subsidiary of Hebei Yangyuan ZhiHui Beverage. Once the deal closes, Quanhong will hold a 0.99% stake in YMTC’s parent company. Yicai reports the move aligns with Yangyuan’s strategic push into equity investments.

Taiwanese electronics maker Inventec announced on April 28 that its board of directors has approved an investment plan of up to US$85 million to establish a manufacturing facility in Texas, marking the latest move by a major original design manufacturer (ODM) to expand US operations. The investment follows similar commitments by fellow Taiwanese ODM giants Foxconn, Wistron, and Wiwynn.