BEJING, June 3 (Xinhua) – Unigroup Guoxin Microelectronics announced on Sunday that it planned to acquire a 100 percent stake in Beijing Unigroup Liansheng Technology, a unit controlled by Chinese top chip manufacturer Tsinghua Unigroup Co., for about 18 billion yuan.
The main asset of Unigroup Liansheng is Linxens, a French smart chip components maker.
The move showed Tsinghua Unigroup’efforts to consolidate its semiconductor business into the listed arm in a bid to further develop its IC chip business.
Unigroup Guoxin Microelectronics said that through this transaction, it will obtain a safe and stable source of smart security chip connectors, and further expand its overseas intelligent security chip business so as to enhance the company’s market share and global competitiveness.
At the same time, the company’s anti-risk ability will be further improved after the completion of this transaction, according to Unigroup Guoxin Microelectronics.
(Edited by Yang Yifan, yangyifan@xinhua.org)
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