Shenzhen, China, August 16, 2019 -- Shenzhen Goodix Technology Co., Ltd. (SH: 603160) today announces a definitive agreement with NXP Semiconductors (NASDAQ: NXPI) under which it will acquire all assets of NXP Semiconductors’ Voice and Audio Solutions (VAS). The transaction includes employees which are based in Europe and Asia, and relevant intellectual properties.

As a market leader of smart amplifier solutions, NXP’s VAS business offers premium voice and audio solutions for leading smartphone manufacturers worldwide. The portfolio includes software and hardware solutions for mobile devices and various IoT applications. As part of the transaction, Goodix will acquire certain voice and audio intellectual properties, as well as an industry leading engineering team. This will extend Goodix’s innovative product portfolio in the mobile market and strengthen its strategic deployment in the IoT field.

“The acquisition represents a strategic move in Goodix’s growth plan,” says David Zhang, CEO, Goodix. “The transaction will enhance our existing mobile and IoT product lines, significantly strengthen our R&D capabilities in audio applications such as hearables, allowing us to offer our customers a more comprehensive portfolio and accelerate Goodix’s strategic development via innovation.”

As a landmark onward step in Goodix’s IoT development after its success in the mobile market, the acquisition reflects Goodix’s commitment and ultimate pursuit of becoming a world-leading comprehensive innovator in the semiconductor industry.

About Goodix

Goodix Technology (SH: 603160) is an integrated solution provider for applications based on IC design and software development offering industry-leading software and hardware semiconductor solutions for smart devices, IoT applications, and automotive electronics. Goodix serves hundreds of millions of global consumers with quality products and solutions via renowned brands including Huawei, OPPO, vivo, Xiaomi, OnePlus, Google, Amazon, Samsung, Nokia, Dell, HP, LG, ASUS, etc., and is recognized as the largest biometric authentication solution provider for Android devices in the global market. For more information, visit www.goodix.com.