(Yicai Global) Feb. 7 -- Injoinic Technology’s shares rose after the Chinese digital-analog hybrid chipmaker said it plans to expand its international business by establishing two subsidiaries in Singapore and the United States.

Injoinic [SHA: 688209] closed 2.4 percent higher at CNY24.45 (USD3.60) in Shanghai today, after earlier gaining by as much as 4.7 percent.

Its proposed Singapore unit, Injoinic Tech, will have a registered capital of USD75,000 and a total investment of USD1 million, Shenzhen-based Injoinic said yesterday. Injoinic Semiconductor in the US will be set up with funds from the Singapore unit and loans from its parent firm, with its authorized capital and total investment at USD2 million each, it added.

The new companies will mainly develop integrated circuits, computer software and hardware, electronic products, and test and sell equipment technology, as well as provide technical services, technology transfers, and technical consulting, Injoinic said.

Founded in 2014, Injoinic researches, develops, makes, and sell power management chips and fast-charging protocol chips, which are widely used in mobile power supplies, fast-charging source adapters, wireless chargers, car chargers, and true wireless stereo earphones chargers.

Editor: Martin Kadiev