Yitoa Intelligent Control acquires Pioneer Micro Technology for 3 billion yen

Shenzhen Yitoa Intelligent Control Corp announced that its acquisition of 100% of Pioneer Micro Technology Corp from Pioneer Corp for 3 billion yen ($28.3 million) has been approved by the Japanese government. Pioneer Micro produces microchips and lithography machines.

“Yitoa Intelligent signed a deal on March 3 to purchase 100 percent of Pioneer Micro Technology Corp, held by Pioneer Corp, with a value of 3 billion yen ($28.3 million).”globaltimes.cn

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• globaltimes.cnYitoa's acquisition of Japanese chipmaker approved by Tokyo, signals further cooperation - Global TimesGlobal TimesAug 24, 2020

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