# Yangtze Optical Fibre and Cable to acquire stake in Qidi Semiconductor

Yangtze Optical Fibre and Cable (YOFC) and its subsidiary Wuhan Ruixin will form a consortium to invest in Qidi Semiconductor, a semiconductor R&D and production company. The total consideration is approximately RMB 780 million, and YOFC will gain control of Qidi Semiconductor and Tahertz Engineering Center.

- Type: Acquisition
- Announced: 2022-03-08
- Where: China
- Value: $123.0M (780.0M CNY)
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Yangtze Optical Fibre and Cable](https://endata.com/companies/61503.md) (acquirer)
- [Qidi Semiconductor](https://endata.com/companies/61504.md) (target)
- [Tahertz Engineering Center](https://endata.com/companies/61505.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/672454.html), 2022-03-09: "长飞光纤光缆(06869)公布，公司及武汉睿芯(公司间接全资附属公司)于2022年3月8日与长飞科创基金、杭州大和、申和投资、芜湖海沃、芜湖泽湾贰号、光谷产业投资及上海临珺订立联合投资协议，以成立联合体及透过参与股权转让交易共同投资启迪半导体(一家从事半导体研发及生产的公司)。"

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