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China's yuan fixing survey range from 7.1325 to 7.1367
ByAinvest
Monday, Sep 1, 2025 9:11 pm ET1min read
China's yuan fixing survey range from 7.1325 to 7.1367
L&T Semiconductor Technologies (LTSCT), the semiconductor arm of the L&T group, is planning to enter the China market by the end of the current financial year, according to a recent statement by the company's CEO, Sandeep Kumar [1]. The expansion aims to leverage the significant potential of the Chinese market, with the company targeting $1 billion in revenue and considering an initial public offering (IPO) post achieving a $500 million milestone.The strategy involves outsourcing chip production to local fabs, a move that aligns with the company's long-term growth plans. LTSCT aims to design chips and sell them to Chinese companies, setting up operations and supply chains to support this venture. The company has been evaluating the entry into the Chinese market for some time and expects to make a decision by the end of the year.
The decision to enter the China market comes amidst a backdrop of increasing geopolitical tensions and shifting global trade dynamics. However, the potential of the Chinese semiconductor market, the world's largest, remains a significant draw for international semiconductor companies. The yuan fixing survey range from 7.1325 to 7.1367, reflecting the current exchange rate fluctuations, which could impact the pricing and competitiveness of semiconductor products in the Chinese market [2].
L&T Semiconductor Technologies' entry into the Chinese market is a strategic move that could significantly boost its revenue and market share. The company's plans to set up local operations and supply chains indicate a long-term commitment to the Chinese market. As the company continues to evaluate the feasibility of this expansion, investors and financial professionals will closely monitor its progress and the potential impact on its financial performance.
References:
[1] https://www.business-standard.com/companies/news/lt-semiconductor-technologies-eyes-china-market-expansion-125090101331_1.html
[2] Current Date Time: July 02, 2025
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