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Tongxin Micro Technology Acquires Automotive Chip Business for $28M

12/26/2025

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Summary

Story summary

The new firm Tongxin Micro Technology will acquire Tongxin Micro's automotive domain controller chip business for 193 million yuan.
Tongxin Micro Technology has 300 million yuan registered capital, with Tongxin Micro owning 51% and Wending Investment 5%.
Four employee stock platforms from Tsinghua Unigroup hold 24%.
Guoxin Micro says CATL partnership would strengthen target customers, though significant capital investment is needed.

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Story summary

The new firm Tongxin Micro Technology will acquire Tongxin Micro's automotive domain controller chip business for 193 million yuan.
Tongxin Micro Technology has 300 million yuan registered capital, with Tongxin Micro owning 51% and Wending Investment 5%.
Four employee stock platforms from Tsinghua Unigroup hold 24%.
Guoxin Micro says CATL partnership would strengthen target customers, though significant capital investment is needed.