# semiconductor acquisition

US Tariffs Cripple China’s ‘Golf‑Cart’ Maker — A Costly Pivot into Semiconductors Fails to Plug the Gap

Greentong Technology’s profitability plunged in 2025 after US tariffs and a trade probe slashed American sales by nearly 80%. A 51% acquisition of a semiconductor firm raised consolidated revenue but failed to rescue margins, leaving the company with heavy impairment charges and uncertain prospects. The case highlights the vulnerability of export‑dependent Chinese manufacturers to trade remedies and the risks inherent in rapid, cross‑sector pivots.