Hong Kong’s IBS Plans $71.7M Acquisition to Expand Into AI Chip Design

IBS to Acquire QuantumCompute Solutions

Under the proposed agreement, IBS will acquire 100% of QuantumCompute Solutions Limited. The acquisition will give IBS indirect access to approximately 85.94% of Shanghai Tianjing Fulian, which develops AI chips and computing solutions.

The Shanghai Tianjing Fulian group focuses on designing and developing AI system-on-chip (SoC) products. Its technology supports low-power and cost-effective AI computing, as well as edge computing applications.

Foxconn and MediaTek Connections

IBS disclosed that Foxconn Industrial Internet holds a 5.56% stake in Shanghai Tianjing Fulian.

The company also described the Shanghai Tianjing Fulian group as an authorised independent chip design house for MediaTek. These connections provide additional industry context for the proposed acquisition and its focus on AI chip development.

IBS Appoints New Strategic Consultant

Separately, IBS appointed Tang Tianshen as its chief strategic consultant. He will advise the company on its fintech-related businesses.

According to IBS, Tang previously held senior positions at Intel, Shanghai Hua Hong and Semiconductor Manufacturing International Corporation (SMIC). His experience in the semiconductor industry is expected to support the company's strategic development.

IBS's Expansion Into AI Computing

The proposed acquisition represents a move by IBS beyond its existing fintech and computing power services businesses. By gaining exposure to AI chip design and edge computing technology, the company aims to expand its presence in the growing AI computing sector.

The transaction remains subject to completion, and its impact will depend on the successful closing of the acquisition.

About International Business Settlement Holdings Limited

International Business Settlement Holdings Limited (IBS) is a Hong Kong-listed company focused on fintech and computing power services. The company provides business-related financial technology and computing infrastructure solutions.

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