Intchains Group Ltd. has agreed to transfer certain assets related to its non-core chip research and development business to Shanghai TopsFuture Microelectronics Co., Ltd., an entity controlled by the company's chairman and CEO, Qiang Ding. The assets involved include early-stage chip design and development work, self-developed technology, technical know-how, trade secrets, related design assets, integrated circuit layout design rights, and finished chip inventory. The transaction is valued at RMB18.0 million, inclusive of applicable taxes. As part of the agreement, certain employees may also transfer to TopsFuture, with the process expected to be completed within ninety working days, subject to mutual agreement and the individual consent of each employee. The move is part of Intchains' broader strategic realignment to focus on its core business.

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