On October 27, SG Micro disclosed plans to use own funds, self-raised funds, and/or H-share listing proceeds to acquire 58.2878% of Sensylink for a total of RMB 833 million. After the deal, SG Micro will become the controlling shareholder of Shanghai Sensylink Microelectronics, which will be consolidated into SG Micro's financial statements.
SG Micro focuses on high-performance, high-quality analog ICs, covering signal chain and power management—including DC/DC converters, LED drivers, and MOSFET drivers. Sensylink, also in semiconductors, has RMB 60 million registered capital and is based in Minhang District, Shanghai. It designs sensor chips and mixed-signal chips, including temperature sensors, humidity sensors, digital interface chips, and DACs, widely used in industrial, networking and computing, medical, and smart wearables. Sensylink has developed and mass-produced hundreds of chip types and built a base of end customers.
Financials show Sensylink's 2025 revenue was RMB 240 million with net profit of RMB 7.2037 million; H1 2026 revenue was RMB 150 million, over 60% of the prior full year, with net profit of RMB 14.4987 million.
SG Micro said the deal is horizontal integration in analog chips. Sensylink's products and applications are differentiated and complementary, with strong synergies in market channels, customer resources, and supply chain. The acquisition will improve SG Micro's product line, expand R&D team capabilities, and boost overall competitiveness. The announcement also noted the deal will create goodwill, with impairment risk if the target underperforms and uncertainty in integration outcomes.
ICgoodFind Summary: SG Micro's RMB 833 million controlling stake in Sensylink fills sensor and mixed-signal chip gaps. Analog chip competition increasingly depends on product line completeness; horizontal integration can bundle signal chain, power management, and sensors into more complete solutions—but goodwill impairment and integration remain thresholds this deal must clear.
