On December 3, Ankaiwei (688620.SH) unveiled its intention to acquire an 85.79% equity interest in Sichip Technology through a cash payment of RMB 326 million. Once this transaction is finalized, Sichip Technology will transform into its controlled subsidiary, thereby facilitating the expansion of Ankaiwei's Internet of Things (IoT) chip operations. Sichip Technology is dedicated to the design of ultra-low-power IoT chips, and its products find applications in areas like smart wearables and smart home appliances.
