Coretronics Technology Inc.: ASIC business will continue to drive company's performance growth.

Senior executives of Xin Yuan Holdings stated at the performance briefing on August 25th that in the second quarter of this year, the design revenue of ASIC business from new signed orders exceeded 700 million RMB, a month-on-month increase of over 700% and a year-on-year increase of over 350%; the volume production business had new signed orders of nearly 400 million RMB. With these orders gradually converting into revenue, the ASIC business will continue to drive the company's performance growth. In terms of Xin Yuan's ASIC customized technology, the company has successfully taped out chips including FinFET and FD-SOI advanced process nodes, and has already achieved the first tape-out success of 5nm FinFET system-level chips. Multiple 5nm/4nm one-stop service projects are currently underway. The company has rich semiconductor IP and related technology platform accumulation for AI edge and cloud side.