Against the backdrop of the accelerating adoption of IoT technology and the continued growth in demand for wireless communication modules, Shenzhen Mingjiada Electronics Co., Ltd. (hereinafter referred to as “Mingjiada Electronics”) officially announced on April 24, 2026, that it is offering long-term, high-price purchases nationwide for the full range of multi-protocol wireless communication modules, development boards, and wireless SoC chips from Espressif Systems. This acquisition covers the entire ESP32 product line, with a focus on modules and chips supporting advanced multi-protocol wireless technologies such as Wi-Fi 6/6E, Bluetooth 5 (LE), Zigbee, and Thread. The initiative aims to further consolidate key component resources within the IoT industry chain, assist industry clients in efficiently optimizing their inventory assets, and promote the high-quality and sustainable development of the smart connectivity industry.
About Mingjiada Electronics: A Professional Electronic Component Service Provider with Nearly Three Decades of Experience
Established in 1996 and headquartered in the Electronics Business Center of Futian District, Shenzhen, Shenzhen Mingjiada Electronics Co., Ltd. is an authorized independent distributor of globally renowned electronic component brands and a provider of inventory solutions. After nearly three decades of steady development, the company has established branches in Hong Kong, Japan, Russia, and Taiwan, building a global supply network dedicated to providing value-added services—including efficient inventory liquidation, component supply, and one-stop order fulfillment—to clients across the entire industry chain.
Mingjiada Electronics’ business scope extensively covers diverse sectors including consumer electronics, computers and peripherals, networking and communications, power and security, power management, and medical equipment. In terms of component supply, the company provides a long-term, stable supply of the full range of wireless communication modules from Quectel, as well as cellular and short-range wireless communication modules from leading brands such as Hi-Comm, Nordic, and u-blox. This covers a comprehensive product line of wireless communication products, including 5G, LTE Cat.4, Cat.1, LoRa, and Wi-Fi/Bluetooth combo modules.
As a leading global player in the electronic component recycling sector, Mingjiada Electronics boasts an experienced technical evaluation team and a global recycling network, and has obtained ISO 9001 quality management system certification. The company has long offered high-value cash purchases for various electronic components. Leveraging its professional evaluation capabilities, strong financial strength, and excellent commercial reputation, it has established long-term partnerships with over 500 semiconductor manufacturers worldwide, providing efficient and reliable inventory asset revitalization services to tens of thousands of clients.
Over the past two years, Mingjiada Electronics has continuously increased its strategic investment in core components for the Internet of Things (IoT) and AIoT sectors. The company has successively completed large-scale acquisition initiatives for various critical components, including Microchip wireless communication chips, Qualcomm series chips, and AI and processor chips, thereby establishing a solid industrial foundation in the field of wireless communication chip recycling and reuse.
About Espressif Systems: A Global Leader in IoT Wireless Communication Chips
Espressif Systems (Stock Code: 688018.SH), founded in 2008 and headquartered in the Zhangjiang Hi-Tech Park in Shanghai, is the global market leader in IoT Wi-Fi MCU chips. According to recent financial data, Espressif Systems achieved revenue of 2.565 billion yuan in 2025, representing a year-over-year increase of 27.82%; and net profit attributable to shareholders of 498 million yuan, a year-over-year increase of 46.72%, demonstrating robust business growth momentum. In 2025, the company sold 131 million product modules and 178 million chips, with overall shipments maintaining a high growth trajectory.
Espressif Systems adopts a “Processing + Connectivity” core product strategy and has built a comprehensive IoT technology platform centered on its self-developed chips and software ecosystem. Its product portfolio includes multiple sub-series such as the ESP32-S series (supporting neural network acceleration), ESP32-C series (RISC-V architecture), ESP32-H series (Bluetooth Low Energy), and ESP32-P series (high-performance computing). Cumulative global chip shipments have exceeded 1 billion units, with widespread application across diverse IoT scenarios including smart home, industrial automation, medical devices, and consumer electronics.
In terms of wireless communication technology, Espressif’s products support the integration of multiple wireless communication protocols, including Wi-Fi, Bluetooth, Zigbee, Thread, and Matter, meeting the complex requirements of various IoT devices for high speed, low power consumption, and multi-protocol compatibility. The company holds the top global market share in the Wi-Fi MCU market and ranks among the top five globally in the overall Wi-Fi chip market.
Scope of Acquisition: Covers the Full Range of ESP32 Multi-Protocol Modules and SoC Products
Mingjiada Electronics has announced a long-term acquisition of Espressif Systems’ full range of multi-protocol wireless communication modules, development boards, and wireless SoC chips, with the acquisition focusing on the following core product lines:
I. General-Purpose Multi-Protocol Wireless Communication Modules
The ESP32-C6-WROOM series is one of the core products in Mingjiada’s acquisition. The ESP32-C6 is Espressif’s first Wi-Fi 6-enabled SoC solution, integrating multi-protocol wireless capabilities including 2.4 GHz Wi-Fi 6 (802.11ax), Bluetooth 5 (LE), and 802.15.4 (Zigbee/Thread). It is suitable for high-end application scenarios such as smart homes and industrial automation that require complex network connectivity. Its Wi-Fi 6 technology uses OFDMA to dynamically allocate available bandwidth resources to multiple users, optimizing the utilization of system resources in large-scale IoT scenarios. This series of modules includes models such as the ESP32-C6-WROOM-1 (with an onboard PCB antenna) and the ESP32-C6-WROOM-1U (with an external antenna interface), and has a wide range of application needs in fields such as smart home gateways, industrial IoT terminals, and smart lighting.
The ESP32-H2-MINI series is one of the key products in this acquisition. The ESP32-H2 is a combo module supporting dual-mode wireless functionality with Bluetooth Low Energy (BLE) 5 and IEEE 802.15.4. It features a RISC-V architecture CPU and is optimized for compatibility with the latest Matter smart home protocol, making it an ideal choice for building Thread end devices, edge routers, and Matter bridges. The ESP32-H2 module features a compact design and is pin-compatible with other Espressif MINI series modules, making it suitable for a wide range of applications, including Thread border routers, Zigbee bridges, and Matter-over-Thread smart home devices.
The ESPHY-P/C series and ESP8684 series, as representative entry-level IoT wireless modules, cover multiple technology generations from Wi-Fi 4 to Wi-Fi 6 and are widely used in consumer electronics such as smart sensors, smart home appliances, and smart lighting.
II. ESP32-C5 Series Dual-Band Wi-Fi 6 Modules for High-Speed Communication Needs
The ESP32-C5 series is the industry’s first RISC-V SoC product supporting dual-band Wi-Fi 6 (2.4 GHz and 5 GHz), which ECS will begin mass production of in April 2025. The ESP32-C5 features a RISC-V 32-bit single-core processor with a clock speed of up to 240 MHz. In addition to supporting dual-band Wi-Fi 6, it integrates Bluetooth 5 (LE) and 802.15.4 (Zigbee, Thread) protocol stacks. It features key Wi-Fi 6 capabilities such as Target Wake Time (TWT), uplink and downlink OFDMA, downlink multi-user MIMO, and BSS coloring mechanisms, enabling high-efficiency, low-latency, and stable connections in congested wireless network environments.
Based on the ESP32-C5 SoC, Espressif has launched the ESP32-C5-WROOM-1/U general-purpose modules. These modules support dual-band 2.4 GHz and 5 GHz Wi-Fi 6, Bluetooth 5 (LE), Zigbee, and Thread. Their rich peripheral interfaces and high performance make them an ideal choice for smart home, industrial automation, healthcare, and consumer electronics applications. The ESP32-C5 series is currently experiencing rapid market penetration. Due to high product scarcity and strong demand for accelerated distribution, Mingjiada Electronics has identified it as the top priority product line in this acquisition.
III. Specialized Application Development Boards and SoC Chips
Mingjiada’s acquisition scope also covers several specialized application development boards. The ESP32-P4-Function-EV-Board is built on Espressif’s first dual-core RISC-V microcontroller without built-in wireless functionality, the ESP32-P4. With a clock speed of up to 400MHz, it focuses on high-performance computing and multimedia processing, supporting H.264 encoding, MIPI camera, and display interfaces. It serves as an ideal platform for developing low-cost, high-performance human-machine interfaces (HMIs) and networked audio-video products. The ESP-DualKey is a smart dual-key controller development board based on the ESP32-S3 chip. It integrates three operating modes—smart home control, Bluetooth keyboard, and USB keyboard—and features RGB lighting effects and battery management functions.
In addition, the acquisition covers the full range of development boards and evaluation kits for the ESP32-S3 (AIoT-specialized), ESP32-S2, the full range of development boards and evaluation kits, including the ESP32-C3, ESP32, and ESP8266.
The ESP32-C3 series modules and development kits have also been included in this acquisition. The ESP32-C3 series modules integrate 2.4GHz Wi-Fi and Bluetooth 5 (LE) functionality, including the ESP32-C3-MINI-1, ESP32-C3-WROOM-02, as well as the ESP32-C3-AWS-ExpressLink-DevKit (developed in collaboration between Espressif and Amazon AWS, supporting out-of-the-box AWS IoT Core connectivity), which can be widely applied in various IoT application scenarios.
Acquisition Service Commitments and Advantages
Mingjiada Electronics continues its consistent professional acquisition service system and provides the following service guarantees for the acquisition of the full range of Espressif products:
High-Priced Cash Purchases: We offer highly competitive quotes based on market conditions, helping customers quickly recover funds and reduce warehousing costs.
Professional Technical Evaluation: Our experienced technical evaluation team utilizes specialized methods such as X-ray inspection, original manufacturer code verification, and electrical performance testing to ensure fair, reasonable, and efficient pricing.
Flexible Transaction Models: We support various methods including cash purchases, consignment sales, and inventory clearance to meet the diverse needs of different customers.
Global Recycling Network: Covering Mainland China, Hong Kong, North America, Europe, and other regions, with support for fast logistics and multi-currency settlement.
Guaranteed Legitimate Sources: We only accept goods from legitimate channels such as authorized distributors, traders, and end-user factories, ensuring a compliant and transparent purchasing process.
Fast Payment Settlement: Payment is processed immediately upon successful inspection, significantly shortening the customer’s cash-back cycle.
For more details on our purchasing services, please contact the Mingjiada Electronics Purchasing and Appraisal Team:
Phone: +86 755-83294757 / 0755-83957301
Email: sales@hkmjd.com
Website: https://www.integrated-ic.com/
Address: Rooms 1239-1241, Building B, Guoli Tower, Phase II of New Asia, Zhenzhong Road, Futian District, Shenzhen, Guangdong Province
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