Cosonic-owned Jiahe Smart invests in chip designer Wuqi Microelectronics

What's the deal? Jiahe Smart (300793.SZ), a Shenzhen-listed audio and smart device maker, has invested in Chongqing Wuqi MicroelectronicsDealroom has a profile for this one. Try Dealroom →, an upstream chip solution provider. The company disclosed the move on May 29 via an investor interaction platform.

Jiahe said the investment gives it access to core technology and components that will support product development and business expansion.

Why now? Jiahe reported a net loss of ¥155M in 2025, swinging from profit to red. Securing a stake in an upstream chip supplier could help it control costs and lock in supply at a time when margins are under pressure.

What could go wrong? Details remain thin. Jiahe disclosed neither the size of its investment nor the stake acquired, directing observers to Wuqi Micro's own website for product information. The lack of transparency makes it hard to gauge how meaningful the deal is.

Jiahe's controlling shareholder also recently signalled plans to sell up to 1.59% of the company — a move that could weigh on investor confidence.

The signal: Wuqi Microelectronics, classified by Dealroom as an early-growth company specialising in short-range communications and edge computing SoC design, sits at a nexus of technologies critical to smart audio and IoT devices — exactly the product categories Jiahe depends on. The investment suggests Jiahe is betting that tighter ties to a domestic chip designer can shorten development cycles and insulate it from supply-chain volatility, even as its own financials leave little room for missteps.

Read more: jiemian.com