By Li Panpan

China’s leading automotive sensor chip supplier Senasic (琻捷电子) bought Gainsil (聚洵半导体)for 76.90% of its equity, to work on intelligent automotive-level sensor and power chips. Senasic announced that the acquisition had been completed recently on its Chinese social handles.

Nanjing-based Senasic said its 76.90% equity acquisition of Gainsil included 51% from the original shareholder Kelong Shares for RMB75 million ($11.25 million) and 25.90% from Gainsil’s founding team. 

Established in 2015, Senasic focuses on the R&D, design, and sales of high-performance sensing chips related to the automotive and industrial Internet of things applications. 

It has six major product lines, including battery pack monitoring sensor chips (BPS, BMS AFE, etc.), tire pressure monitoring sensor chips ( TPMS), universal sensor interface chip (USI), Auto Bluetooth (Auto BLE), wireless sensor control chip (WSC) and power management unit(PMU). A variety of its automotive sensor chip products have been successfully mass-produced and shipped to major customers such as CATL, Volkswagen, SAIC, Baolong Automotive, and Sany Group.

Gainsil focuses on the development and sales of high performance, high power management chips and mixed-signal chips, which overlaps with Senasic in product R&D and market layout. After the transaction, they will integrate their R&D, sales, and supply chain resources and work more on intelligent automotive-level sensors and power chips.