# Tianyu Semiconductor to acquire 7% stake in Zhejiang Tony Electronic

Tianyu Semiconductor (02658) agreed to acquire 16.271 million A-shares (about 7%) of Zhejiang Tony Electronic for RMB 400.1 million in cash, to strengthen cooperation in silicon carbide business including supply chain coordination and joint R&D.

- Type: Acquisition
- Announced: 2026-11-06
- Where: China
- Value: $55.0M (400.1M CNY)
- Status: announced
- Products: silicon carbide substrates, silicon carbide epitaxy
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Zhejiang Tony Electronic](https://endata.com/companies/67765.md) (target)
- [Tianyu Semiconductor](https://endata.com/companies/90218.md) (acquirer)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/stock/hkstock/hkstocknews/2026-11-06/doc-inixvfey5584589.shtml), 2026-11-06: "天域半导体(02658)拟4.001亿元收购浙江东尼电子约7%股份"

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