Goodix Tech scraps asset acquisition, investor call held

Shenzhen Goodix Technology (SSE:603160) held an investor briefing on March 6, 2025, to discuss the termination of its plan to issue shares and pay cash for an asset acquisition. The company's board of directors clarified that the decision was made after careful consideration and friendly negotiations with all parties involved. They emphasized that existing business operations remain normal and will not be significantly impacted by the termination. Company executives fielded questions, highlighting future growth areas like ultrasonic fingerprint technology, light sensors, NFC/eSE, and high-power audio products. Goodix also addressed concerns about OLED driver IC development, asserting its commitment to internal R&D efforts in that area. They reiterated that the decision to terminate was due to failure of parties to reach alignment on key commercial terms.