B2En to take management control of NC&, expanding into automotive semiconductors

  • B2En will acquire management rights over vehicle black box maker NC&.
  • B2En will buy 2.5 million new shares for 6.25 billion Korean won.
  • NC& held approximately 23% of Nextchip at the end of June.

B2En plans to secure management rights over vehicle black box manufacturer NC& through a third-party allotment, acquiring 2.5 million new shares for 6.25 billion Korean won, or approximately $4.5 million. Its stake will reach approximately 27.7%. NC& shares rose to the KOSDAQ’s daily upper price limit at 3,670 won, up 845 won, or 29.91%, at 9:10 a.m. on the 17th, marking a second consecutive session at the limit. The investment gives B2En access to NC&’s approximately 23% holding in Nextchip, which develops automotive image-recognition semiconductors used in ADAS and other vehicle systems. B2En aims to extend its AI and data business into vehicle video, automotive imaging and automotive semiconductors.

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