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Chinese Chipmaker Plans Overseas Buying Spree to Get Mobile Tech

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The company, known formally as Shenzhen Huiding Technology Co., is among a crop of Chinese companies embracing technology and higher-margin products.

Goodix, a supplier of mobile chips to Amazon.com Inc. and major Chinese smartphone makers, plans to begin shopping abroad for semiconductor and software developers to gain an edge in an increasingly competitive market.

The company wants to become the world’s biggest supplier of fingerprint sensors, Chief Executive Officer David Zhang said in an interview at the Consumer Electronics Show in Las Vegas. That will help again double its revenue in 2017, matching its pace of growth in the first nine months of 2016, he added.

The company, known formally as Shenzhen Huiding Technology Co., is among a crop of Chinese companies embracing technology and higher-margin products, trying to shake off a reputation for making cheap goods.

|  A Industry Week release  |  January 6, 2017  |