◂ Announcements

Nov 5, 2024ACQUISITIONChina

GigaDevice to acquire 38.07% stake in Suzhou Saixun

GigaDevice Semiconductor Inc. plans to acquire approximately 38.07% of Suzhou Saixun Electronic Technology Co., Ltd. for about 316 million yuan in cash, as part of a consortium acquiring 70% of Suzhou Saixun. Suzhou Saixun specializes in analog chips including lithium battery protection and power management chips.

Value

$44.0M (316.0M CNY)

Status

Announced

Productsanalog chipslithium battery protection chipspower management chips

CompaniesGigaDevice Semiconductor Inc. acquirer Suzhou Saixun Electronic Technology Co., Ltd. target Hefei Shixi GigaDevice Smart Business Investment Fund partner Hefei State-owned Capital Venture Capital Co., Ltd. partner Hefei Guozheng Duose Industry Investment Partnership Enterprise partner

Sectors#Semiconductors and Industrial Electronics

“This transaction is an important move to drive the company's analog strategy.”news.futunn.com

1 source
news.futunn.comgigadevice semiconductor inc. (603986.SH) plans to acquire 38.07% stake in analog chip manufacturer Suzhou Saixun to enhance battery management related technical reserves.Zhitong FinanceNov 5, 2024

Summarized from public sources; check the original articles before acting on it.

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