Goodix started its business with communication integrated circuits (ICs) for fixed-line telephones, and then expanded its product reach to touchscreen ICs.[2][3]
In 2011, MediaTek made a significant investment in Goodix. Goodix leveraged MediaTek's reference-design platform allowing its revenue to exceed the US$100m mark in 2013.[2]
In 2019, Goodix acquired a division of Voice and Audio Solutions under NXP Semiconductors.[3]
In August 2020, Goodix acquired Dream Chip Technologies, a German fabless semiconductor company.[3]
In February 2021, British technology company WaveTouch sued Goodix for patent infringement. It alleged that Goodix copied its system designed to improve the accuracy of fingerprint readers underneath smartphone screens.[5]
While initially profitable due to touchscreen and fingerprint scanner products, Goodix experienced a decline in profitability due to increased competition and decrease in smartphone shipments. The company has aimed to diversify its business to IoT and automotive electronics.[3]