PR N°C3350C STMicroelectronics to strengthen position in sensors with acquisition of NXP’s MEMS sensors business ST enters into agreement for acquisition of NXP’s MEMS sensor business for a purchase price of up to US$950 million in cash, including US$900 million upfront and US$50 million subject to the achievement of technical milestonesThe MEMS businesses of ST and NXP are strongly complementary in terms of technology and product portfolio, with the combined product offering to be well balanced across auto ...

PR N°C3350C STMicroelectronics to strengthen position in sensors with acquisition of NXP’s MEMS sensors business ST enters into agreement for acquisition of NXP’s MEMS sensor business for a purchase price of up to US$950 million in cash, including US$900 million upfront and US$50 million subject to the achievement of technical milestonesThe MEMS businesses of ST and NXP are strongly complementary in terms of technology and product portfolio, with the combined product offering to be well balanced across auto ...

Core Viewpoint - Zhengfan Technology plans to acquire a 62.23% stake in Hanjing Semiconductor for cash, which will make Hanjing a subsidiary of Zhengfan. This acquisition is expected to enhance Zhengfan's market presence in the semiconductor industry and expand its product line in high-consumption components [3][10]. Group 1: Acquisition Details - The acquisition does not constitute a related party transaction or a major asset restructuring [3]. - Hanjing Semiconductor is a leading supplier in the quartz products industry and the first domestic producer of silicon carbide consumables, serving major semiconductor equipment manufacturers [7][8]. - The estimated valuation for Hanjing Semiconductor is set at 18 billion yuan, with a corresponding price-to-earnings (PE) ratio of 21.4 based on projected net profit for 2024 [9][10]. Group 2: Financial Performance - In Q1 2023, Hanjing Semiconductor reported revenue of 88.22 million yuan and a net profit of 23.20 million yuan, with a net asset value of 257 million yuan [8]. - Zhengfan Technology's revenue for Q1 2023 was 677 million yuan, reflecting a year-on-year growth of 14.94%, while net profit increased by 38.23% to 34.42 million yuan [10]. - The semiconductor business is projected to account for 50.8% of Zhengfan's revenue in 2024, with emerging markets contributing 11.5% [10].