Source Semi to Acquire 58.29% Stake in Shanghai Shensi Linwei Microelectronics for RMB 833 Million

36Kr learned from an announcement by Source Semi that the company plans to acquire 58.2878% of Shanghai Shensi Linwei Microelectronics Technology Co., Ltd. for a total of RMB 833 million, using its own funds, self-raised funds and/or proceeds from its H-share listing. Upon completion of the transaction, Source Semi will become the controlling shareholder of the target company, which will be consolidated as a controlled subsidiary in its financial statements. The target company focuses on the design of sensor chips and mixed-signal chips, with products including temperature sensors and temperature-humidity sensors, used in industrial, medical, smart wearable and other fields. The transaction does not constitute a related-party transaction or a major asset restructuring, falls within the board's approval authority, and does not require submission to a shareholders' meeting for review.