---
title: "MINDEO: Expected to hold 50.1% equity of GigaDevice Semiconductor by the end of the year, the acquisition will enhance the company's core competitiveness"
description: "MINDEO is expected to hold 50.1% equity of GigaDevice Semiconductor by the end of the year, making GigaDevice Semiconductor its controlling subsidiary and consolidating its financial statements. This "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/217985449.md"
published_at: "2024-10-27T08:51:17.000Z"
---

# MINDEO: Expected to hold 50.1% equity of GigaDevice Semiconductor by the end of the year, the acquisition will enhance the company's core competitiveness

> MINDEO is expected to hold 50.1% equity of GigaDevice Semiconductor by the end of the year, making GigaDevice Semiconductor its controlling subsidiary and consolidating its financial statements. This acquisition will enhance the company's core competitiveness and strengthen its control over strategic assets. At the same time, the AiDC business maintains good growth, with revenue and profits achieving double-digit growth in the first three quarters, and overseas sales growing by over 40%

On October 27th, according to the news from Financial 界， MINDEO disclosed in the investor relations activity record that the current investment and acquisition project is the acquisition of a controlling stake in the wafer foundry factory Guangxin Microelectronics. It is expected that by the end of this year, MINDEO will hold 50.1% of Guangxin Microelectronics' shares, making it a subsidiary of the company and included in the company's consolidated financial statements. Wafer foundry is the most core part of the smart IDM ecosystem created by the company. After Guangxin Microelectronics is integrated into the listed company's business system, it will further enhance the company's core competitiveness and strengthen control over core strategic assets. On the other hand, the AiDC business maintains a good growth momentum. The company will upgrade all barcode products to new products using Ai processor solutions. In the first three quarters of this year, the AiDC business maintained a good growth momentum, with revenue and profits both achieving double-digit growth compared to the same period last year, with overseas sales growing by over 40%

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- [300656.CN - MINDEO](https://longbridge.com/en/quote/300656.CN.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.