# WiMi subsidiary VIYI Technology to acquire Fe-da Electronics

WiMi Hologram Cloud Inc. announced that its wholly-owned subsidiary VIYI Technology has entered into a framework agreement to acquire 100% equity of Fe-da Electronics Company Pte Ltd, a Singapore-based IoT solutions provider, to accelerate its semiconductor chip business.

- Type: Acquisition
- Announced: 2020-11-04
- Where: Singapore, Singapore
- Status: announced
- Products: CPU customization, storage devices (SSD, RAM)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [WiMi Hologram Cloud](https://endata.com/companies/48061.md) (acquirer)
- [VIYI Technology Inc.](https://endata.com/companies/50978.md) (acquirer)
- [Fe-da Electronics Company Pte Ltd](https://endata.com/companies/50979.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/wimi-announces-subsidiary-viyi-technology-to-acquire-fe-da-electronics-company-pte-ltd-301166286.html), 2020-11-04: "WiMi Hologram Cloud Inc. today announced that its wholly-owned subsidiary, VIYI Technology Inc., has entered into a framework agreement for the acquisition of 100% equity interests of Fe-da Electronics Company Pte Ltd."

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