Chinese chipmaker provides guarantees worth 210 million yuan

Chinese microelectronics manufacturer Jiangsu Jiejie has provided guarantees totaling 210 million yuan for two key subsidiaries to enhance their access to credit facilities. The company guaranteed 10 million yuan for its silicon technology unit and 200 million yuan for its Nantong-based technology subsidiary through maximum guarantee contracts. The guarantees represent part of a broader credit strategy, with the company's total subsidiary guarantees now reaching 79.2 billion yuan - equivalent to 13.29% of its audited net assets. The substantial backing demonstrates the parent company's commitment to supporting its subsidiaries' operational and expansion financing needs, particularly for its technology-focused units in the competitive semiconductor sector.