# Yuancheng to acquire 51% stake in Simi Electronics for $16M

Yuancheng plans to acquire a 51% stake in Simi Electronics, a US-owned semiconductor wet bath cleaning equipment manufacturer, for RMB 113 million (approx. $16 million).

- Type: Acquisition
- Announced: 2022-12-13
- Where: United States
- Value: $16.0M (113.0M CNY)
- Status: announced
- Products: semiconductor wet bath cleaning equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Yuancheng](https://endata.com/companies/67272.md) (acquirer)
- [Simi Electronics](https://endata.com/companies/67273.md) (target)

## Sources

- [fenq.com](https://fenq.com/yuancheng-plans-to-acquire-a-51-stake-in-simi-electronics/), 2022-12-13: "Simi Electronics is a US-owned semiconductor wet bath cleaning equipment research and development manufacturer."

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