SIDC Micro intends to acquire 60% to 70% of the shares of CHIPSBANK for no more than 140 million yuan in cash to expand the smart home appliance control chip business. The acquisition aims to integrate supply chain resources, enrich product sequences, and enhance technical strength and market competitiveness. After the completion of the acquisition, SIDC Micrl will utilize the core technology of CHIPSBANK Smart Chip to expand the application field of digital-analog hybrid SoC technology and improve the cost advantage of raw material procurement.

SIDC Micro is a company specializing in the development and sales of high-performance analog and digital-analog hybrid integrated circuits. At present, the main products produced include medical health SoC chips, industrial control and instrument chips, intelligent sensing SoC chips, etc

CHIPSBANK is a technology platform integrated circuit design company focusing on SoC design, and has achieved large-scale sales of products including smart home appliance control chips and mobile memory control chips. Among them, the smart home appliance control chip is the center of the smart home appliance, through the accurate perception of external instructions, through a series of signal transmission to achieve the control of home appliance products.

Purpose of acquisition: SIDC Micro aims to expand its product lineup, expand downstream areas, and integrate supply chain resources through the acquisition of shares of CHIPASBANK.

CHIPSBANK introduction: CHIPSBANK is an integrated circuit design company focusing on SoC design, and its intelligent home appliance control chip products have been widely used in many well-known brand home appliances.

Technology integration: SIDC Micro plans to use the touch control, MCU, LED driver and other technologies of Sinbon Smart Chip to integrate research and development resources and expand the SoC technology application field of high-precision ADC.

Product and Market expansion: The acquisition helps SIDC Micro expand its MCU product line, enrich its product lineup, and improve its solutions for consumer electronics, smart home, and white goods.

Supply chain advantage: Through the integration of supply chain resources with CHIPSBANK Smart Chip, SIDC Micro will play a scale effect and improve the cost advantage of raw material procurement.

Acquisition impact: The acquisition is still in the planning stage and will not have a significant impact on the company's production, operation and performance. The company will promote the establishment of performance commitment and other guarantee mechanisms.

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