Xiaomi restructures chip business, sets up Dayu Semiconductors

Xiaomi plans to set up a standalone semiconductor unit, Dayu Semiconductors, in Nanjing, transferring employees from Pinecone Electronics. Staff will own 75% of the new company, with Xiaomi holding the remaining stake.

“Xiaomi plans to set up a standalone semiconductor unit, whose staff will own 75 percent of the business”yicaiglobal.com

• 1 source
• yicaiglobal.comXiaomi Restructures Chip Business, Hands Staff 75% Stake in New DeveloperZhang YushuoApr 3, 2019

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