Shanghai Bright Power Semiconductor, China's second-largest chip foundry, is set to acquire a charging chip maker for approximately ¥3.28 billion ($457 million) as part of a state-backed consolidation effort in the semiconductor industry. This move underscores China's growing momentum in the power semiconductor sector, which is increasingly challenging Japan's historically dominant position. Japanese companies Toshiba and Rohm have formed a major alliance to bolster their legacy power chip industry, but the partnership has struggled to deliver significant results. Meanwhile, Japan's power chip industry remains fragmented and slow to unify, leaving it vulnerable to the rapid advancements and consolidation occurring among Chinese competitors.