Xinbang Intelligence has announced its intention to acquire a majority stake in Wuxi Indie Semiconductor Technology Co., Ltd. through a combination of share issuance, convertible bonds, and cash payments. Additionally, the company plans to raise funds in support of this acquisition. Indie Semi stands as a prominent domestic provider of automotive-grade analog-digital mixed-signal chips and solutions. While the transaction price remains undisclosed, Xinbang Intelligence's stock will resume trading on May 20.
