According to Zhitong Finance App News, Kaiweite (688693.SH) announced that the company plans to purchase 100% of its total shares in Jingyi Semiconductor Co., Ltd. from 26 counterparties, including Yi Kun, Crystal Grid Co-Creation, Crystal Grid Summit, and Crystal Grid Future, for a transaction price of 1.65 billion yuan and supporting capital through the issuance of shares and cash payments.

The target company is a power semiconductor company using the Fabless business model. It mainly focuses on motor drive and power management power ICs and modules. It has released and sold more than 300 power ICs and module products. The products are widely used in high-end consumer electronics, home appliances, smart meters, optical modules, solid state drives, security, communications, servers and other markets.

Through this transaction, the company's product layout in power semiconductors will be further improved, and it can work with the target company to build comprehensive power semiconductor solutions with more complete application scenarios and more comprehensive technical specifications. After the transaction is completed, the R&D resources of the two sides will also achieve complementary collaboration, achieve joint optimization of power devices and power ICs, and further enhance the company's core competitiveness through collaboration in R&D and technology.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.