Kangxi Communication (688653) has agreed to acquire 50.36% of Chengdu Zhirong Technology for RMB 151 million ($21M), making it a consolidated subsidiary. The deal values Zhirong at RMB 300M overall and has been cleared by Kangxi’s board – no shareholder vote is required.

The sellers include Zhirong Xinyan, Beijing Vantone, and Hainan Quanqi. The acquisition aligns with Kangxi’s strategic expansion in RF front‑end chips. Kangxi specializes in 2.4/5/6GHz Wi‑Fi RF front‑end ICs, serving short‑range wireless markets. The deal is expected to bring technology synergies and strengthen its position in the RF segment.

ICgoodFind Takeaway:
This buyout adds RF capabilities and product breadth. For Kangxi, it's a targeted move to consolidate its wireless front‑end leadership through M&A.