总价超4亿元，黑芝麻智能拟收购AI芯片公司

Core Viewpoint - Black Sesame Intelligence announced plans to acquire AI chip company Yizhi Electronics for approximately RMB 400 million to 550 million, with the transaction expected to be completed by Q1 2026 [1][5]. Group 1: Acquisition Details - The acquisition will be executed through equity purchase and capital injection, making Yizhi Electronics a non-wholly owned subsidiary of Black Sesame Intelligence [1]. - The announcement indicates that negotiations have progressed significantly since the initial intention disclosed on June 18, which did not reveal the target company's name [1]. Group 2: Yizhi Electronics Overview - Yizhi Electronics specializes in AI machine vision algorithms and SoC chip design, focusing on edge/endpoint AI SoC chip development for applications in smart vehicles, smart hardware, and smart security [4]. - The company is set to complete the new generation of automotive-grade chips in 2024 and has secured projects with automotive manufacturers, complementing Black Sesame's automotive-grade computing platform [4]. Group 3: Strategic Synergies - The acquisition is expected to create significant strategic synergies by enhancing product offerings, expanding into new markets, and achieving operational complementarity [5]. - Black Sesame aims to provide a comprehensive range of automotive-grade computing chips and full-scene solutions for smart vehicles, while also extending its product line to broader robotics applications [5]. Group 4: Company Performance - Black Sesame Intelligence, founded in 2016, went public on the Hong Kong Stock Exchange in 2024 and focuses on developing automotive-grade SoC solutions [7]. - The company reported a revenue of RMB 253 million for the first half of 2025, reflecting a year-on-year growth of 40.4%, although it incurred a net loss of RMB 762 million due to high R&D expenses [7].