# 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.

- Type: Acquisition
- Announced: 2026-08-08
- Where: Chengdu, China
- Value: $192.5M
- Status: announced
- Products: high-speed optical communication chips, high-performance analog chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [PATEO CONNECT Technology](https://endata.com/companies/93447.md) (acquirer)
- [Chengdu Meenyi Electronic Technology](https://endata.com/companies/93448.md) (target)

## Sources

- [dealroom.co](https://dealroom.co/news/143887-pateo-to-buy-70-of-chipmaker-chengdu-meenyi-for-up-to-rmb1-4b-in-ai-push/), 2026-08-08: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.