# Wireless Communication

Strategic Synergy or Expensive Gamble? China’s IoT Giant Pays 572% Premium for Loss-Making Peer

Telink Semiconductor is acquiring Panqi Micro for 850 million RMB at a 572% premium to bolster its IoT chip portfolio. The deal raises significant concerns as Panqi is currently loss-making and Telink's own quarterly profits have recently plunged by 76%.