(Yicai Global) Aug. 19 -- Shares in Shenzhen Goodix Technology have skyrocketed this morning after the Chinese tech firm said it would buy the voice and audio solutions assets owned by Netherlands-based NXP Semiconductors.

Its stock [SHA:603160] was up 7.77 percent at CNY192.23 (USD27.34) as of lunch break. 

The two firms penned a deal for Goodix to acquire the global rights to NXP's intellectual property, fixed assets, inventory and existing contracts relating to voice and audio, Goodix said in a statement on Aug. 16. It will set up a new subsidiary to manage the resources.

The assets offer services to worldwide manufacturers of Android-based smartphones and wearables, and products connected via the Internet of Things.