Nanxin Technology announced the acquisition of Shengsheng Micro to strengthen synergy in the embedded field

On the evening of January 21, the Science and Technology Innovation Board company Nanxin Technology announced plans to acquire 100% of the equity of Zhuhai Shengsheng Microelectronics Co., Ltd. in cash, with the transaction amount not exceeding 160 million yuan. The move aims to integrate the two parties' resources in products, technology, market, customers and supply chain to achieve synergy in the embedded field.