Longsys Founder Cai Huabo Puts 78% of Proceeds Into R&D for AI Memory Push

Longsys Electronics founder Cai Huabo said 78% of proceeds will go into research and development as the company shifts from a module house to a semiconductor memory brand, according to Bloomberg. Longsys also plans expansion in Brazil, Europe and the US as it seeks to move away from the industry’s price-driven cycle and position itself for AI-era innovation.