Maxscend deepens fab-lite strategy, eyes high-end markets, board changes

Maxscend Microelectronics (SZSE:300782) is doubling down on its "Fab-Lite" strategy and making key management changes to fortify its position in the competitive RF front-end market. While the company reported revenue growth of 2.48% to CNY 4.487 billion for 2024, net profit attributable to shareholders declined by 64.20% to CNY 401.83 million, but the company is forging ahead with expansion plans.