# 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.

- Type: Acquisition
- Announced: 2024-11-05
- Where: China
- Value: $44.0M (316.0M CNY)
- Status: announced
- Products: analog chips, lithium battery protection chips, power management chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [GigaDevice Semiconductor Inc.](https://endata.com/companies/81197.md) (acquirer)
- [Suzhou Saixun Electronic Technology Co., Ltd.](https://endata.com/companies/81198.md) (target)
- [Hefei Shixi GigaDevice Smart Business Investment Fund](https://endata.com/companies/81199.md) (partner)
- [Hefei State-owned Capital Venture Capital Co., Ltd.](https://endata.com/companies/81200.md) (partner)
- [Hefei Guozheng Duose Industry Investment Partnership Enterprise](https://endata.com/companies/81201.md) (partner)

## Sources

- [news.futunn.com](https://news.futunn.com/en/post/49568875/gigadevice-semiconductor-inc-603986-sh-plans-to-acquire-38-07), 2024-11-05: "This transaction is an important move to drive the company's analog strategy."

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