SG Micro has acquired a 77.54% stake in Shanghai-based Yicunxin, solidifying its control over the memory chip designer. Founded in 2018, Yicunxin specializes in high-performance non-volatile memory such as EEPROM and Flash, along with mixed-signal products for consumer electronics, industrial control, and automotive-grade applications—some already certified to AEC-Q100 standards.
As a leader in analog semiconductors, SG Micro offers signal chain and power management chips, with automotive products like 48V-to-12V DC-DC converters and ADCs supplied to automakers including BYD. The acquisition fills a gap in SG Micro’s memory portfolio, enabling synergistic "analog + memory" solutions as electric vehicles demand more chips—up to 3,000 analog chips per vehicle, compared to 500 in conventional cars.
Financially, Yicunxin reported 2024 revenue of ~RMB 120 million and net profit of RMB 15 million, while SG Micro posted Q1 2025 revenue of RMB 790 million and net profit of RMB 490 million. Though the near-term financial impact is limited, the long-term synergy in technology, customers, and supply chains is expected to boost SG Micro’s position in automotive and industrial markets amid accelerating domestic substitution.
ICgoodFind Summary: The deal underscores SG Micro’s strategic expansion into memory, strengthening its integrated offerings for key growth sectors.
