UBTECH collaborates with Muxi Co., Ltd. to jointly develop embodied intelligent edge-side chips

Mars Finance News: On June 11, Mu Xi Shares and UBTECH officially signed a strategic cooperation agreement in Nanjing, jointly establishing Xi Xuan Chuang Zhi Technology (Wuxi) Co., Ltd. (abbreviated as “Xi Xuan Chuang Zhi”) to develop and mass-produce embodied AI chips. The registered capital of Xi Xuan Chuang Zhi is 100 million yuan, jointly established by listed companies including Mu Xi Shares, UBTECH, Fenglong Shares, and others. Among them, Mu Xi Shares and UBTECH each hold 35.01%, jointly the co-first largest shareholders, while Fenglong Shares holds 4.7%. (Cailian Press)
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