On March 18, traditional energy firm Heshun Petroleum made a bold cross-industry move. Through its subsidiary, it will spend $74 million to take control of Shanghai Kuixin Technology, a semiconductor IP company. The deal involves an 821% valuation premium, highlighting the intense value placed on specialized chip assets.
Founded in 2021, Kuixin Technology is a rising player in high-speed interface IP. The company offers IP licensing, Chiplet solutions, and custom chip services across process nodes from 5nm to 55nm. Its technology serves high-growth markets like data centers, AI, automotive, and consumer electronics.
Kuixin’s financial performance has turned sharply positive. Revenue grew from $22 million in 2024 to $29.4 million in 2025, with net profit hitting $2.85 million—a quick pivot to profitability. The company counts over 60 clients, including global storage leaders and AI unicorns.
The acquisition marks a strategic shift for Heshun, which operates gas stations and fuel logistics. By taking control of Kuixin, the energy firm aims to establish a second growth engine in the semiconductor sector.
ICgoodFind : A 821% premium for a semiconductor IP firm shows just how hot this space has become. More capital flowing into domestic Chiplet and interface IP players will only accelerate local substitution.
