Fuchuang Precision plans to acquire 100% equity of Yisheng Precision 

It is reported that Yisheng Precision is a national high-tech enterprise, a national level specialized and new "little giant" enterprise, and a core member unit of the China Integrated Circuit Component Innovation Alliance, Beijing Integrated Circuit Society, and Zhongguancun Chip Chain Integrated Circuit Manufacturing Industry Alliance. Yisheng Precision focuses on domestic mainstream 12 inch wafer fab customers and can provide non-metallic component consumables based on silicon, silicon carbide, quartz, metal component consumables based on aluminum and other metal materials, as well as maintenance, cyclic cleaning, and coating regeneration services for core components of wafer fabs. Some products have passed the advanced process certification of domestic mainstream 12 inch wafer fab customers and achieved mass production and shipment. In addition, more than 80% of Yisheng Precision's revenue comes from logic and storage foundry customers in mainstream 12 inch wafer fabs in China, as well as some foreign 12 inch wafer fab customers and trading customers. More than 90% of Yisheng Precision's revenue comes from non-metallic and metal semiconductor component products.

Through this transaction, it is beneficial to reduce related party transactions, streamline the business chain between Yisheng Precision and Fuchuang Precision, reduce communication costs, and better ensure the delivery needs of domestic 12 inch wafer fab customers. The announcement stated that the transaction is currently undergoing audit evaluation, and the transaction amount has not yet been determined, with an estimated amount not exceeding 800 million yuan. The company has not signed any intention agreements related to this transaction with the counterparty.

Xidiwei plans to acquire 30.91% equity of Zinitix company

On the evening of July 14th, Xidiwei announced that HMI, a wholly-owned subsidiary of the company, plans to acquire 30.91% of the equity of Zinitix Co., Ltd. (referred to as "Zinitix") for KRW 21.005 billion (approximately RMB 109 million). After the transaction is completed, HMI will hold 30.93% of the equity of Zinitix, becoming the largest shareholder of Zinitix and leading its board of directors. HMI will also appoint senior management personnel such as financial officers to have decision-making power over its operations, personnel, finance, and other matters. Zinitix will become the company's controlling subsidiary. The company and Zinitix are both integrated circuit design enterprises. Through this transaction, the company can quickly expand its product categories, especially the touch chip product line, thereby expanding its technology and product layout in fields such as mobile phones and wearable devices.

The announcement also stated that Zinitix's camera autofocus chip product line has strong synergy with the company's existing voice coil motor driver chip product line, which will help the company further increase the market share and technical strength of this product line. In addition, Zinitix has a high degree of overlap with the company's existing customers and has synergies in business.

According to the announcement, Zinitix is an integrated circuit design company that, after years of deep cultivation and innovation, has formed a diversified product category and application field. Its main products include TouchController chips, autofocus chips, HapticDriver chips, DC/DC power management chips, touchpad modules, and audio amplifiers, which are used in terminal devices such as smartphones, smartwatches, tablets, and other mobile/wearable devices.

Xidiwei was founded in 2012 and listed on the Science and Technology Innovation Board on January 21, 2022. It is one of the leading suppliers of power management and signal chain chips in China, specializing in the research, design, and sales of analog integrated circuit products including power management chips and signal chain chips. On July 10th, Xidiwei released the updated first quarter report for 2024. The report shows that the company achieved a revenue of 123 million yuan during the reporting period, a year-on-year increase of 205.94%.

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