On April 16, 2024, Chipanalog convened a board meeting, during which the directors and shareholders unanimously approved the project construction resolution to establish a delivery center and a research and development branch in Hangzhou.

The center, spanning approximately 20 acres, is located within the jurisdiction of the Xianghu Administrative Committee in Xiaoshan District, Hangzhou. It integrates functions such as a global delivery logistics and warehousing center, automotive-grade and industrial product FT testing center, chip engineering center, and the Hangzhou R&D branch. With a construction area of approximately 46,000 square meters and a total investment of 1 billion RMB, the project is planned to be implemented in two phases. The first phase is expected to be operational in 2026. By then, Chipanalog' supply chain operational efficiency will be comprehensively enhanced, product quality control will be more standardized, and the reliability of automotive-grade and industrial products as well as the company's R&D efficiency will be further improved.

Since its establishment in May 2016, Chipanalog has developed into a well-known supplier in the analog chip field. In the first quarter of 2024, the company achieved impressive performance, with both revenue and profits increasing, among which revenue increased by approximately 40% year-on-year.

In the future, Chipanalog will continue to uphold its mission and vision of "Creating Excellent Chinese Chips Together, Sharing a Wonderful Chip Era," staying true to its original aspirations and moving forward with perseverance. With the values of "Customer First, High Aspirations, Continuous Innovation, Perfection, and Integrity," the company will provide a wide range of high-quality analog chips to customers worldwide.