WeEn Semi was originally a part of the bipolar power transistor products and R&D business of NXP Semiconductors B.V. (hereinafter referred to as “NXP”). In 2015, Beijing JianGuang Asset Management Co. Ltd. (hereinafter referred to as “JAC Capital”) co-funded WeEn Semi with NXP through three funds of JAC Capital, so absorbing this unit of NXP into the joint venture. At the end of 2018, NXP planned to sell its shares in WeEn Semi, and JIC TECH-INV exercised the right of priority to acquire the shares. Eventually, the fund was pulled back from the partnership and JIC Tech-inv was directly in possession of the corresponding shares in WeEn Semi.

WeEn Semi’s products focus on the high-profit and high-end market, including safety, new energy, voltage, power and electrical protection products, etc. which makes the company a key player with a relatively comprehensive industrial chain in integrated electronics industry.

JIC Tech-inv will make full use of the leading position of WeEn Semi in this industry segment, seizing the opportunities of substitutes with domestic products. The company shall further develop the semi-conductor business based on its management expertise and advantage of scale, and also by extending the industrial chain, both horizontally and vertically.