# 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.

- Type: Acquisition
- Announced: 2025-05-28
- Where: China
- Value: $219.0M (1.58B CNY)
- Status: announced
- Products: power semiconductor devices, super-junction MOSFETs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Friendship & Apollo Commercial](https://endata.com/companies/85019.md) (acquirer)
- [Sanrise Tech](https://endata.com/companies/85020.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinese-retailer-friendship--apollo-surges-on-usd219-million-sanrise-acquisition-and-chip-sector-entry), 2025-05-28: "The department store operator will pay around CNY500 million in cash and issue new shares to acquire Sanrise."

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