LNC Technology Invests NT80 Million in LNC Engineering''s Capital Increase to Strengthen Humanoid Robot Layout
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LNC Technology''s board approved an investment of up to NT80 million in its affiliate, LNC Engineering, to acquire up to 15 million shares at NT2 each. This move aims to strengthen the group''s strategic positioning in key components for humanoid robots and support long-term development. LNC Engineering specializes in precision harmonic reducers and joint modules, crucial for humanoid and mobile robots. Additionally, LNC Technology reported strong Q1 earnings, with revenue up 7.87% to NT.865 billion and net profit soaring 12.75 times to NT9.17 million, driven by robust semiconductor demand.