On July 22, 2025, Suzhou Kema Material Technology Co., Ltd. (stock code: 301611.SZ, hereinafter referred to as "Kema Technology"), a company listed on the Shenzhen Stock Exchange ChiNext board, announced that Kema Technology signed an Equity Transfer Agreement with shareholders Pengbo He and Kai Hu of Suzhou Kaixin Semiconductor Technology Co., Ltd. (hereinafter referred to as "Kaixin Semiconductor") to acquire 73% equity of Kaixin Semiconductor held by them. Upon completion of the transfer, Kema Technology will hold 73% equity of Kaixin Semiconductor and become its controlling shareholder.
Kema Technology is dedicated to the R&D, manufacturing, sales, and service of advanced ceramic material components and provides surface treatment services for the broader semiconductor equipment industry. It is one of the leading domestic enterprises in advanced ceramic materials and components, and a top player in advanced ceramic components for semiconductor equipment in China. Kema Technology has entered the supply chains of globally renowned semiconductor equipment manufacturers and established stable and in-depth partnerships with leading domestic semiconductor equipment companies. Its surface treatment services focus on the display panel sector, serving globally recognized display panel manufacturers, receiving positive customer feedback on key indicators such as cleanliness and durability, and earning a strong market reputation.
Kaixin Semiconductor is a high-tech company engaged in the R&D, production, and sales of chemical vapor deposition (CVD) silicon carbide coatings and CVD silicon carbide bulk ceramic components. Relying on independent R&D, it has substantial expertise and ongoing development capabilities in CVD silicon carbide ceramic components technologies and processes. Its products have been scaled for applications in Si epitaxy, SiC epitaxy, GaN epitaxy, and advanced products such as silicon carbide etching rings, silicon carbide spray nozzles, and 12-inch Si epitaxy silicon carbide-coated graphite bases have made significant progress.
Kaixin Semiconductor's product portfolio and R&D capabilities in silicon carbide ceramics complement Kema Technology's existing product system well. This acquisition will help Kema Technology further enrich and improve its product layout in silicon carbide ceramic materials and components, forming a more comprehensive and complete silicon carbide materials system and semiconductor ceramic components system. It will enhance Kema Technology's overall service capabilities for semiconductor customers and further expand the application of its silicon carbide materials system into other national economic sectors.
Leveraging its extensive experience in mergers and acquisitions, Llinks provided Kema Technology with efficient and professional full-process legal services for the acquisition of Kaixin Semiconductor.
Llinks Engagement Team
Zhengyi Zhang, partner
Wilson Ma, associate
