Chipone Semiconductor has completed the closing of its acquisition of Zhuhai Boya Investment; the target is a flash‑memory chip design company.

Radar Finance | Written by Yang Yang | Edited by Li Yihui

On May 13, Zhongwei Semiconductor (688380) issued an announcement regarding the progress of its external investment and the completion of the closing. The announcement stated that Zhongwei Semiconductor completed its investment in Zhuhai Boya Technology Co., Ltd. through a combination of share acquisition and capital increase. With a total investment of RMB 166 million, the company acquired a 1.252% stake in Zhuhai Boya held by Wuhan Optics Valley FiberHome Integrated Circuit Venture Investment Fund Partnership (Limited Partnership) for RMB 60 million, and contributed RMB 160 million to acquire a 20.00% equity interest in Zhuhai Boya. As a result, Zhongwei Semiconductor now holds 13,126,004 shares in Zhuhai Boya, representing 21.0016% of the company's total shares.

The investment was fully funded in cash on April 30, 2026. At present, the closing conditions have been satisfied and all parties have completed the closing procedures. Zhuhai Boya has submitted the relevant amendment documents to the industrial and commercial authorities and is awaiting approval.

Zhuhai Boya is a flash‑memory chip (NOR Flash) design company that posted consecutive losses from 2023 to 2025, before turning profitable in the first quarter of 2026. This investment represents a strategic move in the company's external growth strategy, aimed at accelerating its industrial footprint in the storage market, deepening technological collaboration and sharing supply-chain resources between the two parties, and thereby fostering business synergy and driving revenue growth.

According to Tianyancha, Zhongwei Semiconductor Co., Ltd. (Shenzhen), officially known as Zhongwei Semiconductor (Shenzhen) Co., Ltd., was established on June 22, 2001, with a registered capital of RMB 400.365 million. Its legal representative is YANG YONG, and its registered address is Room 2101, Jingxing Hai Shang Building, No. 91, Guiwan Third Road, Nanshan Subdistrict, Qianhai Shenzhen–Hong Kong Cooperation Zone, Shenzhen. The company's principal business activities include the research and development, design, and sales of semiconductor chips.

Currently, the company's chairman is Yang Yong, and the board secretary is Wu Xinyuan. According to the latest annual report, the company employs 459 people, and the ultimate controlling shareholders are Yang Yong, Zhou Yan, and Zhou Fei, who hold 32.44%, 20.93%, and 3.37% of the shares in Zhongwei Semiconductor (Shenzhen) Co., Ltd., respectively.

The company holds equity stakes in and controls 10 subsidiaries, including Sichuan Zhongwei Xincheng Technology Co., Ltd., Sichuan Xinlianda Electronics Co., Ltd., and Zhongshan Lianfada Microelectronics Co., Ltd. among others.

In terms of performance, the company's operating revenues for 2023, 2024, and 2025 were RMB 714 million, RMB 912 million, and RMB 1.122 billion, respectively, representing year-on-year growth rates of 12.06%, 27.76%, and 23.09%. Net profits attributable to shareholders were RMB –21.9485 million, RMB 137 million, and RMB 284 million, with year-on-year changes of –136.99%, 723.43%, and 107.68%, respectively. During the same period, the company's asset–liability ratios were 5.69%, 9.55%, and 13.64%, respectively.

In terms of risk, Tianyancha data shows that the company has 0 internal risks, 133 external risks, 7 historical risks, and 122 early-warning risks.

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