BoTai Car Network intends to acquire a controlling stake in a photoelectric chip company.

According to Botai Car Connect news, on June 2nd, Botai Car Connect announced that the company has signed a memorandum of understanding with Ping An Capital Limited or its managed fund to acquire a controlling stake and control of a professional integrated circuit design company specializing in high-performance communication chip development. The target company is a privately held company registered in China, specializing in the development of high-performance communication chips using the fabless business model. They primarily engage in research, design, and sales of high-speed optoelectronic chips, high-performance analog chips, and modules.