Core Viewpoint - The article highlights the recent developments of GoerTek Inc., including its significant acquisition and the IPO of its subsidiary, GoerTek Microelectronics, showcasing the entrepreneurial journey of its founder, Jiang Bin, and the company's growth trajectory in the MEMS and sensor market [2][3][5]. Group 1: Company Overview - GoerTek Inc. is a leading player in the "fruit chain" with a market capitalization exceeding 80 billion RMB [2]. - The company announced a major acquisition of two precision manufacturing companies for 10.4 billion HKD, marking its largest acquisition to date [2][11]. - GoerTek Microelectronics, a subsidiary focused on acoustic sensors, has submitted its IPO application to the Hong Kong Stock Exchange [2][5]. Group 2: Financial Performance - GoerTek Microelectronics achieved a revenue of 2.443 billion RMB and a net profit of 317 million RMB in 2019, ranking 9th globally in the MEMS industry [5]. - The company's revenue for 2022 was 3.121 billion RMB, with a net profit of 326 million RMB, but it faced a decline in 2023 [14][15]. - The revenue contribution from the sensor business was 78.5% in 2024, with acoustic sensors accounting for 74.1% of that [14]. Group 3: Market Position - GoerTek Microelectronics is the largest acoustic sensor provider globally, holding a market share of 43% in 2024, significantly ahead of its closest competitor [6]. - The company is also the largest smart sensor interaction solution provider in China, ranking fifth globally with a market share of 2.2% [6]. Group 4: Strategic Decisions - Jiang Bin, the founder, made strategic decisions early on to focus on high-quality products, which led to the company's success in the Bluetooth headset market [9]. - The company has undergone a strategic transformation to diversify its product offerings beyond acoustic sensors, including precision optical components and high-end equipment [11]. Group 5: IPO Journey - GoerTek Microelectronics faced challenges in its IPO journey, including a previous attempt to list on the ChiNext board that was ultimately withdrawn due to regulatory issues [22][24]. - The company has now shifted its focus to the Hong Kong market for its IPO, aiming to raise 300-500 million USD for product development and capacity expansion [26][27].