Goke Microelectronics Co Ltd Announces Major Acquisition

In a significant move within the semiconductor industry, Goke Microelectronics Co Ltd, a leading Chinese integrated circuit design company, has unveiled a strategic acquisition plan that is set to reshape its market position. On June 5, 2025, Goke Microelectronics (300672) disclosed its intention to acquire a 94.37% stake in Zhixin Integrated Circuit (Ningbo) Ltd, a subsidiary of Semiconductor Manufacturing International Corporation (SMIC), through a combination of stock issuance and cash payment.

This acquisition is poised to enhance Goke’s capabilities in high-end filter and MEMS (Micro-Electro-Mechanical Systems) special process foundry sectors. By integrating Zhixin’s manufacturing prowess, Goke aims to establish a robust “digital chip design + analog chip manufacturing” dual-drive system. This strategic move is expected to significantly bolster Goke’s asset structure and competitive edge in the semiconductor market.

Strategic Implications and Market Reaction

The transaction is anticipated to be a major asset restructuring for Goke, with the company’s shares set to resume trading on the Shenzhen Stock Exchange on June 6, 2025. This acquisition aligns with the broader industry trend of consolidation, driven by the need for companies to enhance their technological capabilities and market reach.

In a related development, SMIC announced that its wholly-owned subsidiary, Zhixin Holding, plans to sell its 14.832% stake in Zhixin Ningbo to Goke. This divestment will result in Zhixin Holding relinquishing all its shares in Zhixin Ningbo, further solidifying Goke’s control over the acquired assets.

Regulatory Compliance and Investor Assurance

Goke has taken comprehensive steps to ensure regulatory compliance and protect investor interests. The company has issued detailed explanations regarding the transaction, emphasizing adherence to the “Six Articles” regulatory framework, which encourages good corporate governance and strategic planning. Goke has also outlined measures to safeguard the rights of small investors, ensuring transparency and fairness throughout the acquisition process.

Forward-Looking Perspective

This acquisition marks a pivotal moment for Goke Microelectronics as it seeks to expand its footprint in the semiconductor industry. By leveraging Zhixin Ningbo’s manufacturing capabilities, Goke is well-positioned to capitalize on emerging opportunities in the digital and analog chip markets. Investors and industry observers will be closely monitoring the integration process and its impact on Goke’s financial performance and market valuation.

As the semiconductor landscape continues to evolve, Goke’s strategic acquisition underscores its commitment to innovation and growth, setting the stage for a dynamic future in the competitive tech sector.