Greek IP company Adveos bought by Shanghai-based Beken

Shanghai, China – December 22, 2020 – Beken Corporation (SSE: 603068), a key player in wireless communication solutions announced today that it has it has completed the acquisition of Adveos Microelectronic Systems, an RF and mixed-signal IP provider based in Greece.

The acquisition will strengthen Beken’s wireless communication capabilities and will enhance the company’s growth momentum in a time where the rapid developments in wireless protocols provide significant opportunities both for the domestic and foreign markets. Furthermore, this transaction clearly demonstrates Beken’s strategy to be gradually promoted into a world-class wireless solutions provider company.

Mr. Pengfei Zhang, Beken’s Chairman, said: “Beken has been focusing on the design and development of wireless communication ICs for a long time by providing complete wireless communication solutions for various application scenarios such as wireless connectivity, intelligent transportation and the Internet of Things. The acquisition of Adveos will enable Beken to strengthen its strategic position in these markets, bringing new growth opportunities in terms of revenue and products, as well as enhancing the company’s market competitiveness and long-term profitability. In Adveos we have found a great team that perfectly complements our vision to become the leading wireless chipset supplier. We aim to further expanding the team in Athens and increase substantially its footprint over the coming years.”

“We are delighted to become part of a leading organization such as Beken and look forward to working together in the development of the next generation wireless platforms” said George Dimitropoulos, CEO and Co-Founder of Adveos. “It is an exciting opportunity for Adveos, within the Beken family, to be a key member in the design of next generation wireless products that will help improve the lives of millions”.

About Beken Corporation

Beken Corporation (SSE: 603068) was founded in 2004 by a team combining significant semiconductor experience and Silicon Valley entrepreneurial exposure. Beken is a fabless semiconductor company which designs and develops high performance low-power wireless integrated circuits.

Since its establishment, Beken has developed wireless communication product platforms which support a significant number of wireless protocols and communication standards. Beken provides wireless System-on-Chip (SoC) solutions with low power consumption and high performance for RF transceivers and integrated microprocessors. The company serves both domestic and foreign markets, including many world-famous brands. The company also provides complete wireless communication solutions for intelligent transportation, Internet of Things (IoT) and other applications.

Beken is headquartered in Pudong, Shanghai, and has subsidiaries and technical divisions in Shenzhen, Hong Kong, Taipei, Beijing, Hangzhou and Hsinchu, Taiwan. It is listed in Shanghai Stock Exchange (SSE) since April 2019.
To learn more about Beken, visit www.bekencorp.com

About Adveos Microelectronic Systems

Adveos is a privately held fabless semiconductor company, providing ASIC design services and developing RF, analog and mixed signal IP cores. Adveos supports a growing international customer base and has become a trusted partner of some highly reputable companies globally. The company designs and develops various technology products and infrastructure that can be found in everyday life, for example in consumer electronics, communications networks, medical equipment, etc.

Adveos maintains offices in Athens, Greece and Yerevan, Armenia.

To learn more about Adveos, visit www.adveos.com