Mei Ri Jing Ji Xin Wen·2025-12-30 16:48Core Viewpoint - The article discusses the forced sale of 80.2% of FTDI, a leading global USB bridge chip company, by Jian Guang Asset due to national security concerns raised by the UK government under the National Security and Investment Act (NISA) [1][2]. Group 1: Investment Background - Jian Guang Asset acquired 80.2% of FTDI for $414 million in December 2021, marking a strategic move by Chinese capital in the high-end analog chip sector [2]. - FTDI, established in 1992 and headquartered in Glasgow, UK, is a leader in the USB bridge chip market, serving over 50 countries with a diverse client base across various industries [3]. Group 2: Impact on Related Companies - The forced sale affects multiple A-share listed companies, including Dianlian Technology, which aimed to acquire stakes in Jian Guang Asset's funds to gain control over FTDI [3][4]. - Dianlian Technology holds a 21.17% stake in Dongguan Feite Semiconductor Holdings, which in turn owns 80.2% of FTDI through its UK subsidiary [4]. - Another listed company, Huapengfei, is also involved through its investment in Jian Guang Guangpeng, which holds a 9.76% stake in Feite Holdings [5]. Group 3: Legal and Regulatory Developments - Jian Guang Asset and related companies have sought judicial review against the UK government's order for the forced sale, but the High Court rejected their application in February 2025 [5].