Chip Business

Gree Electric faces investor scrutiny over its chip business, despite significant R&D spending. Concerns arose from comparing Gree’s chip subsidiary’s small registered workforce to industry peers. Gree responded, stating its chip team nears 1,000 employees and clarified previous data discrepancies. Gree entered the chip domain in 2015, focusing on MCUs, smart home chips, power devices, and silicon carbide wafer manufacturing. Chairwoman Dong Mingzhu defended the company’s chip venture as a strategic move towards self-reliance and potentially providing semiconductor solutions to others.