GigaDevice acquires Sychip to enter analog chip field

GigaDevice, China's leading semiconductor company, announced on November 6 that it would acquire 70% of Suzhou Saixin Electronics for RMB 581 million and plans to continue to acquire the remaining 30% of the shares. This move is regarded as a major strategic move by GigaDevice in the field of analog chips. Suzhou Saixin Electronics has significant advantages in the field of lithium battery management systems (BMS), and its products are widely used in various types of consumer electronics, intelligent hardware, home appliances, photovoltaic energy storage and other equipment.