China Resources acquires a stake in financially-distressed Konka
China Resources has received an approval from China's market regulation administrator to acquire a stake in Konka Group. The financial details were not disclosed.

Konka is facing financial difficulties, its revenues in 2024 declined almost 40% and it posted a loss of $450 million. China Resource aims to assist Konka and as it has its own semiconductor business, it may find alignment with Konka's microLED and mini-LED business. It will be interesting to see how this will effect Konka's microLED R&D and commercialization projects.


