Friendship & Apollo plans to acquire chipmaker Sanrise Tech for $219M

Friendship & Apollo Commercial announced plans to acquire chipmaker Sanrise Tech for CNY 1.58 billion (USD 219 million) in cash and shares, marking a strategic move into the power semiconductor sector.

“The department store operator will pay around CNY500 million in cash and issue new shares to acquire Sanrise.”yicaiglobal.com

• 1 source
• yicaiglobal.comChinese Retailer Friendship & Apollo Surges on Plan to Buy Chipmaker Sanrise for USD219 MillionXu WeiMay 28, 2025

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