# 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.

- Type: Investment
- Announced: 2019-04-03
- Where: Nanjing, China, China
- Status: announced
- Products: semiconductors, chipsets, microprocessors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Xiaomi](https://endata.com/companies/29619.md)
- [Dayu Semiconductors](https://endata.com/companies/38478.md) (target)
- [Pinecone Electronics](https://endata.com/companies/38479.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/xiaomi-takes-from-pinecone-unit-to-set-up-independent-dayu-semiconductors), 2019-04-03: "Xiaomi plans to set up a standalone semiconductor unit, whose staff will own 75 percent of the business"

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