950 Million, The Domestic Chip Leader Was Successfully Acquired!

According to the announcement, the valuation of 100% of Zhuidian Semiconductor’s shares is 950 million yuan.The "Share Purchase Agreement" signed by both parties stipulates that 97.89% of the shares of Zhuidian Semiconductor will be acquired for 930 million yuan in cash plus transaction fees and other expenses.

After the transaction is completed, Tiansuixin is willing to hold all the equity of Zhuidian Semiconductor, and Zhuidian Semiconductor will also be officially incorporated into the consolidated statements of VeriSilicon.

VeriSilicon stated that after the acquisition is completed, Zhuidian Semiconductor will continue to maintain its original chip product sales, IP licensing, and chip design businesses, and will not change its business model.

At the same time, the two parties will collaborate on customer resources, technology and products to provide customers with a more complete one-stop solution from IP to chip customization.

Source: VeriSilicon

Zhuidian Semiconductor was founded in 2004 and is located in Zhangjiang, Shanghai. It is a company specializing in video and display processing chips and has more than 20 years of R&D experience.

The company is at the international leading level in core technologies such as display chip circuit design, image quality algorithms, and video transcoding.It is the world's leading manufacturer of 3LCD projector main control chips (SoC), with a market share of over 80%.

In addition, the AI-ISP image signal processing chip independently developed by Zhuidian Semiconductor has been mass-produced in many well-known mobile phone brands, including Xiaomi, Honor, vivo, OPPO, realme, OnePlus, iQOO, Asus ROG, etc.

It is worth mentioning that Zhuidian Semiconductor was formerly the holding subsidiary of Pixelworks, a US Nasdaq-listed company in China.In 2023, IPO guidance for the Science and Technology Innovation Board will be launched. In 2024, it will be selected as a national-level specialized, special and new small giant enterprise with a registered capital of 372 million yuan.

Image source: AI generated

Through this acquisition, the technical advantages of VeriSilicon and Zhuidian Semiconductor will complement each other.

Bypoint's accumulation in image display and AI visual processing will be combined with VeriSilicon's capabilities in IP licensing and custom chip design to provide complete image processing solutions for mobile device and display terminal customers.

This will not only strengthen VeriSilicon's competitiveness in the field of display post-processing IP, but also help improve its industrial layout in the fields of video, display and AI vision.

However, VeriSilicon also admitted in the announcement that although the two parties have a strong foundation for synergy in the market, technology, and products, due to different management methods and operating systems, there may still be certain uncertainties in business integration and daily operations after the transaction is completed.