IC design company Silex (5269) has announced the successful completion of its acquisition of all issued shares of Techpoint (Tokyo Stock Exchange stock code 6697), with a post-dilution equity value of approximately $390 million. The transaction is set to close upon meeting all customary conditions, with Techpoint's Japanese Depository Shares ("JDS") expected to delist from the Tokyo Stock Exchange on May 29, 2025.

This acquisition will expand Silex's product portfolio and create new opportunities in the automotive and security sectors, leading to new market expansion. Moreover, this merger will integrate two highly complementary business models, enhancing Silex's economies of scale and operational efficiency through optimized manufacturing and supply chains, with an immediate expected contribution to revenue and profit growth.

Silex's General Manager, Lin Zhewei, stated that this acquisition marks the first step in Silex's global strategy. Techpoint brings exceptional talent and complementary technology, which will enhance Silex's ability to provide innovative solutions to global customers and support the vision for next-generation semiconductor solutions. Moving forward, the collaboration will create more value for customers and shareholders while driving innovation in AI, IoT, security, and automotive electronics.

Techpoint's President and CEO, Hiro Kozato, expressed that the combination with Silex presents new opportunities for team and technology development and brings positive benefits to all stakeholders. Silex's efficient operations and comprehensive R&D team will rapidly deliver groundbreaking solutions, and he looks forward to contributing to the success of the merged company while continuing to serve loyal customers with enhanced capabilities.

Silex and Techpoint anticipate the arrival of this new era and will continue to work together to serve global business partners.