HK Movers｜SHANGHAI FUDAN Surged 11% as It Commissions Fudan University to Develop Super Large-Scale FPGA Layout and Routing Technology

SHANGHAI FUDAN surged 11%, with a year-to-date increase of over 116%! The company has commissioned Fudan University to develop super large-scale FPGA layout and routing technology.

SHANGHAI FUDAN announced that on July 28, the company entered into a technology service contract with Fudan University. The company agreed to commission Fudan University to research and develop super large-scale FPGA layout and routing technology and provide corresponding technical support. The company aims to become a leader in China's IC design and system integration business market and is determined to become a globally leading application-specific IC design company. Developing super large-scale FPGA layout and routing technology can enhance the company's technical capabilities and significantly contribute to the group’s revenue and performance.

The announcement pointed out that the board believes that by entering into the technology service contract, the company can avoid the substantial capital expenditure of recruiting technical staff and purchasing equipment, reduce R&D costs and administrative expenses, accelerate R&D time, and optimize R&D results, quickly complete the industrialization process, and provide the company’s employees the opportunity to acquire valuable knowledge and experience through technical exchanges. In addition, the technology service contract allows the company to share scientific research achievements and commercial value.