According to The Wall Street Journal's website, slowing growth and rising costs have triggered a historic wave of M&A in the chip industry. As major markets such as smartphones saturate, chipmakers are pursuing acquisitions to acquire new technologies and scale effects to amortize ever-rising R&D and manufacturing costs.

Rising density and power in semiconductors continuously upgrade the requirements of electronic thermal design. Honghua will follow the industry rhythm, serving telecom, transportation, home-appliance and office-equipment customers with higher-performance DC fans, blowers and thermal-module solutions.