According to Taiwanese media reports, on June 25, Sigmastar Technology, a subsidiary of MediaTek, announced the sale of its stake in Xiamen StarTech, with a total transaction value of about 320 million yuan. It is worth noting that Xingyi Technology is mainly IC design, is in the tense period of the U.S.-China trade war, MediaTek will be IC design company to include Shenzhen Innovation Investment Group, Huaden International Investment Group (Hefei Huaxin Growth Five Investment), as well as China International Finance Group (CICC Capital Investment) three Chinese mainland official, semi-official units.
Startech was established in 2017, the main direction is consumer electronics, security, internet of Things and multimedia camera chips, according to the company’s official website, its 1080P HD dashcam chip 2018 market share first, security monitoring chip market share also ranked in the world’s top three. In addition to Xiamen, there are branches in Shenzhen, Shanghai and Zhubei.
StarTech is a company led by former Morningstar Semiconductor Chairman Liang Gongwei, and MediaTek acquired Morningstar, which has acquired ownership of Starstar. At the end of October last year, Xingya released new products, including commercial soup technology and other well-known partners came to the platform, once known as MediaTek’s “little golden chicken.”
MediaTek said the sale of Startech was based on financial considerations.