Focus on development and starta journey of chip cooperation

┃A strategic cooperation agreement was signed between diversified multinational Le Valley and CSM, a subsidiary of technology giant GF

By William

Reuters

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On June 15, according to the established plan, Le Valleyand a subsidiary of Global FoundriesnamedChartered Semiconductor Manufacturing(CSM) formally signed a strategic cooperation agreement, and solemnly announced to the world, the two sides will jointly promote the development of diversified intelligent manufacturing businessin various fields.

Le Valley is an investment-oriented digital multinational enterprise committed to multi-field, multi-directional and diversified matrix development.

This cooperation with CSM is another important measure in its diversified digital investment strategy.

As a world-renowned semiconductor manufacturing company, CSM's professional technology and manufacturing strength have a wide influence in the industry.

The strategic cooperation between the two sides will bring new opportunities and challenges to their respective business development.

According to the cooperation agreement, The Company will establish a long-term and stable strategic cooperative relationship with CSM and jointly carry out diversified business.

The specific cooperation contents include but are not limited to: joint investment in the semiconductor industry, participation in chip research and development and technological innovation, and cooperation to explore the international market.

Both sides will give full play to their respective strengths to achieve the goal of resource sharing and mutual benefit.

Le Valley said that the cooperation is an important step for it to actively expand its business areas and strengthen international cooperation.

Through the cooperation with CSM, Le Valley will further deepen the semiconductor industry, grasp the latest trends and technology trends of the industry development, and improve the company's competitiveness and influence in the investment field.

At the same time, Le Valley will make use of its advantages in capital, resources, channels and other aspects to provide more support and help for CSM, and jointly promote the development of the semiconductor industry.

CSM also said the partnership is an important step in its globalization strategy and will help it stabilize its presence in the chip industry.

Through the cooperation with Le Valley, CSM will further understand and adapt to the needs and characteristics of Asian digital enterprises, and use the resource endowment of Le Valley, so as to enhance the possibility of obtaining more business cooperation, and provide more opportunities and space for the company's business development.

The signing of the strategic cooperation agreement marks that Le Valley Company and CSM will enter a new stage of development.

Both sides will give full play to their respective advantages and jointly promote the development of the chip field.

It is believed that with the joint efforts of both sides, this cooperation will achieve fruitful results and inject a "strong shot" into the development of the semiconductor industry.