TV maker Konka expanding into chip sector

Electronics manufacturer Konka Group Co Ltd is expanding into the semiconductor sector and increasing research and development investment, as it seeks the higher returns of the intelligent white goods segment.

The company's sales revenue is expected to reach 100 billion yuan ($15 billion) by 2022, according to Zhou Bin, president of Konka.

"We will focus on storage chips, internet of things devices and optoelectronic devices, and expand our presence along the whole semiconductor value chain, including design, manufacturing and raw materials in the future," he said.