# 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.

- Type: Acquisition
- Announced: 2020-08-24
- Where: Japan
- Value: $28.3M (3.00B JPY)
- Status: announced
- Products: microchips, lithography machines
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Shenzhen Yitoa Intelligent Control Corp](https://endata.com/companies/49409.md) (acquirer)
- [Pioneer Micro Technology Corp](https://endata.com/companies/49410.md) (target)
- [Pioneer Corp](https://endata.com/companies/49411.md) (partner)

## Sources

- [globaltimes.cn](https://www.globaltimes.cn/page/202008/1198697.shtml), 2020-08-24: "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)."

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