Nanshan Technology: Intends to acquire 100% equity of Shengsheng Micro with 160 million yuan

Golden Ten Data January 21st News, South Core Technology announced that the company plans to acquire 100% equity of Zhuhai Shengsheng Microelectronics Co., Ltd. in cash, with a total consideration of not more than RMB 160 million. This transaction is beneficial for both parties to integrate products, technologies, markets, customers, supply chain, etc., to achieve synergies in the embedded field, and is in line with the company’s development vision and long-term strategic planning. Through this transaction, the company will integrate the technical capabilities and R&D team of the target company in the field of embedded chip design and development, which will help strengthen the company’s technical advantages in embedded chip hardware, IP, Algorithm, software, etc. At the same time, this transaction will expand the company’s product categories in the field of edge processors and expand the scope of cooperation with customers. In terms of the supply chain, by integrating the supply chain resources of the target company, the company will leverage economies of scale to further enhance the cost advantage of raw material procurement for both the company and the target company.