Zhitong Finance App News, Fengyi Technology (688279.SH) announced that in order to further advance the company's strategic layout and enhance the company's market competitiveness, the company plans to purchase 100% of its Sciosenseb.v. shares held by Sciosense Holding B.V. in cash through its wholly-owned subsidiary Fengyi Microelectronics, with a total transaction consideration of US$118 million.
Sciosense is a professional semiconductor sensor company headquartered in the Netherlands. Using a Fabless business model, it is mainly engaged in R&D, design and sales of integrated circuits and solutions such as flow sensors, gas sensors, temperature and humidity sensors, and pressure sensors. The products are mainly aimed at smart water meters, heat meters, automotive, industrial, building automation and consumer equipment markets.
The acquisition of Sciosense sensor assets will help the company complete the “physical sensing” process, strengthen the compatibility between the previous main control chip and external sensors, and greatly simplify the adaptive R&D process for the company's downstream customers using third-party sensors and Fengyi Technology chips, thereby enabling customers to upgrade products, reduce R&D costs and improve product performance within a short period of time, and can reduce the size of the control system and broaden the scope of future product applications. After completing physical sensing capabilities, Fengyi Technology's product matrix no longer only focuses on drive-control chips, but rather a complete set of solutions for booming racetracks such as automotive electronics, industrial control, and artificial intelligence, further strengthening and expanding its R&D capabilities in high-end motor control systems to adapt to the rapid development of artificial intelligence in multiple scenarios.