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This architectural decoration company will enter the field of automotive chips

Posted by: Sipxtech 2023-02-13 Comments Off on This architectural decoration company will enter the field of automotive chips

According to Shanghai Securities News, Mingjiahui, which is a smart city and cultural tourism lighting company, is also going to enter the chip field, aiming at automotive chips.

According to the data, Mingjiahui’s main business is lighting engineering business and related lighting engineering design, lighting product research and development, production, sales and contract energy management business. According to the “Guidelines for Industry Classification of Listed Companies” (revised in 2012) promulgated by the China Securities Regulatory Commission, the company’s industry belongs to “building decoration and other construction industry (code E50)”

According to them, lighting engineering refers to the design, technology and engineering of using natural light or artificial lighting systems to meet lighting requirements in a specific light environment. Lighting engineering covers science, technology, culture, economy and other fields, involving optics, electricity, aesthetics, architecture, computer science and other disciplines. It is a comprehensive and systematic project. Especially large-scale lighting projects have higher requirements on enterprise qualifications, design and construction capabilities, management and control capabilities, financial strength and brand awareness.

As for automotive chips, they want to acquire the target by issuing shares.

According to the announcement, Mingchehui intends to purchase 52% of the equity of Aitewei (Zhangjiagang) semiconductor Technology Co., Ltd. (hereinafter referred to as “Aitewei”) by issuing shares. The counterparty of the transaction is Zhangjiagang Yuejin Industrial Investment Fund Partnership (Limited Partnership). ) (hereinafter referred to as “Yuejin Industrial Investment”), and at the same time intends to issue shares to no more than 35 qualified specific objects to raise supporting funds.

Relevant online information shows that Atewei (Suzhou) Semiconductor Technology Co., Ltd. is a tripartite funded by South Korea’s iA Group, South Korea’s TRinno Company and Zhangjiagang Power Semiconductor Special Industry Fund (established by Economic Development Zone, Datang Telecom Investment Co., Ltd. and relevant social investors). Funded to establish, the first phase of registered capital is 157.18 million US dollars. It mainly produces automotive power semiconductors, automotive Electronic chips and power semiconductor modules, etc., and finally forms a power semiconductor product system such as automotive ICs, power devices, and power modules, with an annual sales scale of 1.3 billion US dollars.

As the first joint venture between China and South Korea in the field of power semiconductors, Ate Micro (Suzhou) Semiconductor Technology Co., Ltd. was established with the original intention of the Sino-Korea joint venture to apply the advanced development and design of the Korean iA Group to the Chinese power semiconductor market, especially energy vehicle industry. Yin Zhongwan, general manager of Ate Micro, delivered a speech on behalf of the company, expounding the company’s future development plan and hoping to use the manufacturing platform of Suzhou Tongguan Microelectronics Co., Ltd. to promote the industrialization of high-end power devices.

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