NetEase Technology News, June 25 news, mobile phone ODM manufacturer Wentai announced that the company's acquisition of Anshi Semiconductor's plan received approval from the China Securities Regulatory Commission. At the same time, the CSRC approved that Wentai Technology has issued 403 million shares to 10 trading objects, including Gree Electric Appliances, and raised matching funds of no more than 7 billion yuan.
Zhang Xuezheng, chairman of Wentai Technology, said that after the completion of this asset integration, the two parties will have synergies at various levels such as business, technology and customers.
It is understood that Anshi Semiconductor has "semiconductor design + wafer manufacturing + packaging testing + integrated circuit equipment + sales department" business chain completed. According to the Southwest Securities Research Report, Anshi Semiconductor has a global market share of 14% in 2018, the world's number one diode, the second largest logic device in the world, the second largest in the world in automotive MOS, and the third in the world in small-signal MOS. Its total annual production in 2018 exceeded 100 billion, ranking first in the world.
As the ODM manufacturer, Wentai Technology is the only company with a self-built mold factory and a complete intelligent production line. It is understood that Wentai has taken the lead in launching the research and development of 5G products, and will release the Qualcomm Snapdragon 855 chip platform 5G smart terminal products worldwide.
On the day before the approval, at the joint meeting of the G60 Kechuang Corridor in the 2019 Yangtze River Delta on June 24, Minsheng Bank and Wentai reached a 5G project agreement. According to the agreement, Minsheng Bank will support Wentai Communication 5G intelligent terminal through production integration. R&D and manufacturing project, the total investment of the project is 5 billion yuan, mainly including the research and development and manufacture of various innovative products such as 5G mobile phones, 5G IoT and 5G PC. (Cui Yuxian)