China's electronic design automation (EDA) sector is seeing another significant M&A move. Primarius Technologies, a listed EDA firm, said it will acquire 100% of Chengdu Analog Circuit Technology (ACTT/Ruichengxin Micro) and a 45.64% stake in Naneng Micro for about CNY2.174 billion (approx. US$305 million) via a combination of share issuance and cash
Huawei is doubling down on its artificial intelligence (AI) ambitions. On September 29, company founder Ren Zhengfei personally signed off on the appointment of Richard Yu (Yu Chengdong), Executive Director and Chairman of the Consumer Business Group, as the new head of the company's powerful Investment Review Board (IRB)