HuaDa JiuTian plans to acquire Xinhe Semiconductor

HuaDa JiuTian recently announced that it plans to acquire all the shares of Xinhe Semiconductor Technology (Shanghai) Co., Ltd. by issuing shares and paying cash. The transaction is expected to constitute a major asset reorganization, but it does not involve a reorganization and listing. HuaDa JiuTian said that the transaction will help build full-spectrum and full-process capabilities and build EDA solutions from chip to system level.