Guangdong Liyang Chip Testing Co., Ltd. announced the termination of its plan to acquire 100% of Guoxinwei (Chongqing) Technology Co., Ltd. The parties signed an equity transfer termination agreement on September 4, 2026.
The acquisition process began with a letter of intent signed in December 2024 and lasted over 20 months. Liyang Chip and its intermediaries conducted legal, financial, business, and technical due diligence, as well as internal discussions by management.
The companies decided to cancel the deal because the transaction conditions were not yet mature. According to the agreement, neither party bears any liability for breach of contract, and all terms of the original letter of intent are no longer binding, except for confidentiality agreements.
Guoxinwei (Chongqing) Technology is a third-party integrated circuit testing solution provider based in the Chongqing High-tech Zone, offering wafer, finished product, and module testing services.
Liyang Chip, listed on the Shanghai Stock Exchange STAR Market since November 11, 2020, was founded in February 2010. The company provides testing services for 12-inch and 8-inch wafers, finished chip testing, and related support services.
Liyang Chip's products are used in communications, computers, consumer electronics, automotive electronics, and industrial control. Its processes cover advanced nodes including 3nm, 5nm, 8nm, and 16nm.
