PATEO to buy 70% of chipmaker Chengdu Meenyi for up to US$192.5M

PATEO CONNECT Technology agreed to acquire roughly 70% of Chengdu Meenyi Electronic Technology, a Chinese integrated circuit designer, for up to US$192.5 million in cash. The deal pushes PATEO into high-speed optical communication chips and high-performance analog chips for AI data centers.

“PATEO has agreed to buy roughly 70% of Chengdu Meenyi Electronic Technology, a Chinese integrated circuit designer, for up to US$192.5M in cash”dealroom.co

• 1 source
• dealroom.coPATEO to buy 70% of chipmaker Chengdu Meenyi for up to US$192.5M in AI push | Dealroom NewsAug 8, 2026

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