1.65 Billion Yuan: Sichuan Power Semiconductor Company Sells Itself
Sichuan-based power semiconductor company Jingyi Semiconductor is being acquired by its customer, Jiangsu-listed power semiconductor firm Suzhou Kaiweite Semiconductor Co., Ltd. ("Kaiweite"), for 1.65 billion yuan. Following the transaction, Jingyi Semiconductor will become a wholly-owned subsidiary of Kaiweite.
Kaiweite will pay for the acquisition partly with new shares (approximately 901 million yuan worth) and partly in cash (approximately 749 million yuan). The deal is considered a major asset restructuring as Jingyi Semiconductor's assets and revenue in 2025 were 176.34% and 137.38% of Kaiweite's, respectively.
Financially, Kaiweite has reported losses for 2024 and 2025. In contrast, Jingyi Semiconductor has remained profitable. The acquisition is expected to significantly improve Kaiweite's profitability. Jingyi Semiconductor's controlling shareholder and chairman, Yi Kun, along with employee持股 platforms, will hold a 13.28% stake in Kaiweite post-transaction.
Founded in 2015 and listed on Shanghai's STAR Market in 2023, Kaiweite is a national-level "Little Giant" specializing in intelligent power semiconductor devices and power integrated chips. Established in 2019, Jingyi Semiconductor is a fabless power semiconductor company and a national-level专精特新重点"Little Giant." Its products, including Intelligent Power Modules (IPM), are supplied to major domestic appliance makers like Midea, Xiaomi, Gree, TCL, and Hisense-Hitachi. The company holds a leading 53.5% market share in China's IPM半桥 module segment for white goods.
The strategic acquisition aims to repair Kaiweite's profitability and expand its power semiconductor product portfolio through integration in technology, products, and customer channels.
marsbit08/07 02:46
