Empyrean Technology to acquire 50.38% of Easy-Logic Technology for 218.8 million yuan
Overview
Empyrean Technology plans to acquire a 50.38% stake in Shenzhen-based Easy-Logic Technology for 218.8 million yuan (US$33 million), according to a Shenzhen Stock Exchange filing.
Empyrean, a Beijing-based firm that South China Morning Post describes as China's top EDA tools provider, said the deal would be completed through the purchase.
Easy-Logic, founded in 2021, develops logic optimisation tools that help chip designers cut iteration time and resource needs. Once the deal closes, Easy-Logic will be consolidated into Empyrean's financial statements.
Written by AI from the articles below · updated Nov 2, 9:01 AM ET
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- South China Morning Post · TechNewsEmpyrean Technology to buy 50.38% of Easy-Logic Technology for $33 million
AIEmpyrean Technology, China's top EDA tools provider, plans to acquire a 50.38% stake in Shenzhen-based start-up Easy-Logic Technology for 218.8 million yuan (US$33 million), according to a Shenzhen Stock Exchange filing. Easy-Logic, founded in 2021, develops logic optimisation tools that help chip designers cut iteration time and resource needs. Once the deal closes, Easy-Logic will be consolidated into Empyrean's financial statements.
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