➀ Wuhan Xinxin IC Co., Ltd., a subsidiary of Yangtze Memory Technologies, has received approval for its A-share market IPO application, marking the first IPO in the capital market this下半年. ➁ As a leader in the NOR Flash market, Wuhan Xinxin is expected to raise 4.8 billion RMB through the IPO, with 43 billion RMB allocated for a 12-inch IC manufacturing line and 5 billion RMB for research and development. ➂ The company, with a strong R&D team and a substantial number of patents, aims to become a leading manufacturer in the 3D semiconductor era.