# Jinghua Micro plans to acquire ZhiXin Micro for 200 million yuan

Jinghua Micro (688130.SH) announced plans to use its own funds of RMB 200 million to purchase 100% equity of Shenzhen Chipbond Microelectronics Co., Ltd. (ZhiXin Micro) from Shenzhen Chipbond Technology Co., Ltd. The acquisition aims to strengthen the company's MCU product line and smart home appliance control chip business.

- Type: Acquisition
- Announced: 2024-12-20
- Where: Shenzhen, China
- Value: $27.4M (200.0M CNY)
- Status: announced
- Products: smart home appliance control chips, MCU products, SoC design
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Jinghua Micro](https://endata.com/companies/81947.md) (acquirer)
- [Shenzhen Chipbond Microelectronics Co., Ltd.](https://endata.com/companies/81948.md) (target)
- [Shenzhen Chipbond Technology Co., Ltd.](https://endata.com/companies/81949.md) (partner)

## Sources

- [longbridge.com](https://longbridge.com/en/news/222935674), 2024-12-20: "This transaction aims to strengthen the company's main business and business expansion by integrating technology, products, and market resources."

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