On May 22, Unigroup Guoxin unveiled its ambitious plan to acquire a 100% stake in Reneas Semiconductor. This acquisition will involve 14 transaction entities, such as Nanchang Jian'en, Beijing Guangmeng, Tianjin Ruixin, and JIC Capital, and will be executed through a combination of share issuance and cash payment. Concurrently, the company plans to issue shares to up to 35 targeted investors to secure additional capital. The agreed transaction price, excluding the supplementary funds, stands at RMB 1.9 billion.

Through this strategic acquisition, Unigroup Guoxin aims to seamlessly integrate power semiconductor products into its existing portfolio, rectify any deficiencies in the manufacturing process, and fine-tune its industrial chain layout. This move is expected to solidify its position within the industry and significantly enhance its overall competitiveness in the semiconductor market. Furthermore, post-acquisition, Unigroup Guoxin will leverage the combined technological and market resources of both entities. It will ramp up its R&D investments in the power semiconductor sector, expedite the development and production of high-end power devices, capitalize on emerging market opportunities, and play a pivotal role in safeguarding the national semiconductor industry's security and growth.