Recently, Goodix Technology announced plans to acquire VIEWTRIX, a company specializing in Micro LED and Micro OLED microdisplay chips, as well as AMOLED display driver chips, for a substantial sum of approximately $51 billion USD.
Acquisition Details
Goodix Technology revealed in a public announcement that it plans to acquire VIEWTRIX‘s controlling stake through a combination of stock issuance and cash payment. Additionally, Goodix intends to raise funds through a share offering to support the acquisition. As of November 25, 2024, the company’s securities have been suspended from trading, with the suspension expected to last no more than 10 trading days.
This transaction is not expected to constitute a major asset restructuring, nor will it result in a change of actual control. This means that Goodix will maintain its current operating model even after the acquisition of VIEWTRIX.
About Goodix and VIEWTRIX
Goodix Technology is a well-known company in the chip industry, primarily producing products such as mobile fingerprint recognition chips. According to the company’s 2024 half-year report, vehicles equipped with its automotive-grade flexible OLED touch chips have been launched, and the company is expected to become a leader in this niche market.
VIEWTRIX Technology is an integrated circuit design and product sales company focused on AMOLED display driver chips, Micro OLED/Micro LED microdisplay chips, and display technology IP licensing. Its products are used in a wide range of industries, including smartphones, mid-sized tablets, laptops, and AR/VR/MR/XR applications. The company has attracted several rounds of funding:
- In 2013, it raised several million dollars in angel funding from CITIC Capital, Yichuang Investment, and Xiangfeng Investment.
- In 2015, BOE Technology became a shareholder after the Series A funding.
- In 2018, the Series B funding saw investments from SMIC, Xiaomi Group, Northern Light Venture Capital, and Qualcomm Ventures.
- In 2019, it secured tens of millions of dollars in strategic financing from Qualcomm China Holdings, Hongtai Fund, and others.
- In 2020, VIEWTRIX raised over $27 million USD in a Series C round, followed by more than $41 million USD in a Series D round, with investors including Qiming Venture Partners, Sequoia China, Aviation Fund, and Qualcomm Ventures.
- In 2021, the company received strategic investments from Hubble Investment and Xiaomi Group.
- In 2022 and 2024, VIEWTRIX received additional equity investments from Xiangfeng Investment and Cedar Capital, among others.
Strategic Industry Relationships
According to VIEWTRIX‘s official disclosure, leading domestic display panel companies have direct or indirect investment relationships with the company. In addition to BOE, which was an early investor, Visionox joined the follow-up funding in early 2018, and in September 2019, AviChina, the major shareholder of Tianma Microelectronics, also participated.
In recent years, Micro OLED/Micro LED has become a hot technology in the smart terminal industry, and this acquisition is expected to play a significant role in the company’s future technological iterations and application deployment.
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