Core Viewpoint - The article discusses the termination of a significant acquisition by DiAo Microelectronics, which was intended to purchase 100% of Rongpai Semiconductor's shares and raise supporting funds through the issuance of shares and cash payments [1][3]. Company Overview - DiAo Microelectronics is focused on the research, design, and sales of high-performance analog chips, with a product range that includes signal chain analog chips and power management analog chips. The company has developed several advanced products and has obtained ISO9001 certification [4]. - Rongpai Semiconductor specializes in high-performance analog chip design and has developed unique technologies, including the iDivider technology, which has led to breakthroughs in domestic isolation chips [5]. Acquisition Details - The acquisition aimed to enhance DiAo Microelectronics' product offerings in the isolation chip category and leverage Rongpai Semiconductor's patented technologies and customer resources to improve market competitiveness [5]. - The termination of the acquisition was due to the inability to reach an agreement on key terms such as transaction price and performance commitments after multiple discussions [6]. Financial Impact - As of December 5, DiAo Microelectronics' stock price was reported at 24.23 CNY per share, with a total market capitalization of nearly 6 billion CNY [7]. The company stated that the termination of the acquisition would not have a significant adverse impact on its operational and financial status [6].

Core Viewpoint - Jiangsu Diaowei (688381) announced the termination of its major asset restructuring plan to acquire 100% equity of Rongpai Semiconductor (Shanghai) Co., Ltd, marking the end of a highly anticipated merger in the analog chip sector [1][4]. Group 1: Transaction Details - Since the initiation of the transaction, Diaowei and the parties involved actively advanced related work and conducted multiple rounds of discussions regarding the feasibility and core terms of the deal [4]. - Ultimately, the parties could not reach an agreement on key terms such as the transaction plan, price, and performance commitments, leading to the mutual decision to terminate the transaction [4]. Group 2: Impact on Company Operations - The termination of the transaction is not expected to have a significant adverse impact on Diaowei's existing production operations and financial status, nor does it harm the interests of the company and its shareholders [5]. - Diaowei will continue to seek new development opportunities while focusing on its existing main business [5]. Group 3: Market Context and Analysis - The proposed acquisition had generated market interest regarding potential changes in the analog chip industry landscape, primarily due to the complementary nature of both companies' businesses [5]. - Diaowei, listed on the STAR Market, specializes in high-performance analog chip R&D and design, with a revenue of 457 million yuan in the first three quarters of this year, reflecting an 11.41% year-on-year growth [7]. - Rongpai Semiconductor, established in 2017, focuses on high-performance analog chips, particularly digital isolators, and is known for its innovative iDivider technology, which has achieved breakthroughs in domestic isolation chips [7]. - Market analysis suggested that if the transaction had succeeded, Diaowei could have quickly acquired core technologies and product lines in high-end analog chips, enhancing its competitiveness in rapidly growing markets like automotive electronics and industrial control [8]. - The termination of the deal highlights the complexities faced in semiconductor industry mergers, especially involving unlisted high-quality technology companies, where valuation disagreements and risk expectations can lead to negotiation challenges [8].

Core Viewpoint - The acquisition of Rongpai Semiconductor by Diaowei has been terminated due to failure to reach consensus on key terms such as transaction scheme, price, and performance commitments [1][6]. Group 1: Acquisition Details - Diaowei planned to acquire 100% equity of Rongpai Semiconductor through a combination of issuing shares and cash payment, along with raising supporting funds [3]. - The termination of the acquisition was approved during the second board meeting held on December 5, 2025, and the management was authorized to handle related matters [1][6]. Group 2: Company Profiles - Diaowei is focused on the research, design, and sales of high-performance analog chips, with products covering signal chain and power management analog chips [4]. - The company has developed various advanced products, including high-performance analog switches and low-power operational amplifiers, and has obtained ISO9001 certification [4]. - Rongpai Semiconductor specializes in high-performance analog chip design and has developed unique technologies, including the iDivider technology, which has led to breakthroughs in domestic isolation chips [5]. Group 3: Market Impact and Future Outlook - The termination of the acquisition is not expected to adversely affect Diaowei's production, operations, or financial status, and it does not harm the interests of the company or its minority shareholders [6]. - As of December 5, 2025, Diaowei's stock price was reported at 24.23 yuan per share, with a total market capitalization of nearly 6 billion yuan [7].

Core Viewpoint - The acquisition of Rongpai Semiconductor by Diaowei has been terminated due to failure to reach consensus on key terms such as transaction price and performance commitments, despite efforts to negotiate [2][6]. Group 1: Company Overview - Diaowei Microelectronics (688381) is an integrated circuit design company focused on the research, design, and sales of high-performance analog chips, with products covering signal chain analog chips and power management analog chips [4][5]. - The company has developed several advanced products, including high-performance analog switches and high-speed data repeaters, and has obtained ISO9001 certification [5]. Group 2: Acquisition Details - The original plan was for Diaowei to acquire 100% of Rongpai Semiconductor through a combination of issuing shares and cash payments, along with raising supporting funds [4]. - Rongpai Semiconductor specializes in high-performance analog chip design and has developed unique technologies, including the iDivider technology, which has led to breakthroughs in domestic isolation chips [5][6]. Group 3: Impact of Termination - The termination of the acquisition is not expected to have a significant adverse impact on Diaowei's production operations or financial status, and it does not harm the interests of the company or minority shareholders [6]. - As of December 5, Diaowei's stock price was reported at 24.23 yuan per share, with a total market capitalization of nearly 6 billion yuan [7].

Core Viewpoint - The acquisition of Rongpai Semiconductor by Diaowei has been terminated due to failure to reach consensus on key terms such as transaction scheme, price, and performance commitments [1][6]. Company Overview - Diaowei Microelectronics (688381) focuses on the research, design, and sales of high-performance analog chips, covering signal chain and power management analog chips [4]. - The company has developed various advanced products, including high-performance analog switches and low-power operational amplifiers, and is certified with ISO9001 [4]. - Diaowei's products are widely used in smartphones, computers, automotive, servers, smart wearables, smart home appliances, communication devices, and robotics [4]. Acquisition Details - The initial plan was for Diaowei to acquire 100% of Rongpai Semiconductor's shares through a combination of issuing shares and cash payments, along with raising supporting funds [3]. - Rongpai Semiconductor specializes in high-performance analog chip design and has developed unique technologies, including the iDivider technology, which has led to breakthroughs in domestic isolation chips [5]. Rationale for Acquisition - The acquisition was seen as a key strategy for growth in the analog chip industry, allowing Diaowei to quickly expand its product offerings and enhance its competitive advantage by leveraging Rongpai's established technologies and customer resources [5]. Termination Reasons - The termination was a result of extensive discussions and negotiations that did not yield agreement on the core terms of the transaction [6]. - The company stated that the termination would not adversely affect its operational and financial status, ensuring the protection of shareholder interests [6]. Market Position - As of December 5, Diaowei's stock price was reported at 24.23 yuan per share, with a total market capitalization of nearly 6 billion yuan [7].

Group 1 - The company announced the termination of the planned acquisition of 100% equity in Rongpai Semiconductor (Shanghai) Co., Ltd. due to failure to reach consensus on key terms such as transaction scheme and performance commitments after multiple discussions [1] - The company confirmed that the termination of this transaction will not have a significant adverse impact on its production, operations, or financial status, and it does not harm the interests of the company or minority shareholders [1] - Rongpai Semiconductor specializes in the design, research, and sales of high-performance analog chips, with applications in various fields including automotive electronics and industrial control [1] Group 2 - The company had planned to purchase Rongpai Semiconductor through a combination of share issuance and cash payment, with a proposed share price of 19.84 yuan per share, but the transaction price and share quantity were not finalized [2] - Xiaomi Changjiang Industrial Fund holds shares in both the company (3.87%) and Rongpai Semiconductor (3.5%), potentially facilitating capital operations between the two [2] - For the first three quarters of 2025, the company reported total revenue of 457 million yuan, an increase of 11.41% year-on-year, but a net loss attributable to shareholders of 24.28 million yuan compared to a profit of 18.33 million yuan in the same period last year [2] Group 3 - The company will implement a new round of equity incentives in October 2024, leading to an increase in share-based payment expenses by 21.61 million yuan for the first nine months of 2025, aimed at binding the interests of the core team [3] - The company is committed to increasing R&D investment to build core technological barriers, which may impact short-term profits but is expected to lay a solid foundation for sustainable development and future profitability [3] - As of December 5, the company's stock price increased by 0.66% to 24.23 yuan per share, with a total market capitalization of approximately 5.997 billion yuan [3]

江苏帝奥微电子股份有限公司 关于终止发行股份及支付现金购买 资产并募集配套资金事项的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 江苏帝奥微电子股份有限公司（以下简称"帝奥微"或"公司"）于2025年12月5日召开第二届董事会第二 十一次会议，审议通过了《关于终止发行股份及支付现金购买资产并募集配套资金事项的议案》，同意 公司终止原发行股份及支付现金购买资产并募集配套资金事项，并授权公司管理层办理本次终止相关事 宜。现将相关情况公告如下： 一、本次交易基本情况 公司拟以发行股份及支付现金的方式购买荣湃半导体（上海）有限公司（以下简称"荣湃半导体"或"标 的公司"）100%的股权同时募集配套资金（以下简称"本次交易"）。本次交易预计不构成《上市公司重 大资产重组管理办法》规定的重大资产重组，不构成关联交易，且不构成重组上市。本次交易不会导致 公司实际控制人发生变更。 二、公司在推进本次交易期间所做的主要工作 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688381 证券简称：帝奥微 公告编号： 2025- ...

Group 1 - The company DiAo Microelectronics (SH 688381) announced the termination of a proposal regarding the issuance of shares and cash payment for asset acquisition during its board meeting held on December 3, 2025 [1] - As of the latest report, DiAo Microelectronics has a market capitalization of 6 billion yuan [3] - The company's revenue composition for the year 2024 is entirely from integrated circuits, accounting for 100% [2]

Core Viewpoint - The company announced its intention to acquire 100% of Rongpai Semiconductor Co., Ltd. through a combination of issuing shares and cash payment, along with raising supporting funds [1] Group 1 - The company held its 21st meeting of the second board session on December 5, 2025, where it reviewed and approved the proposal to terminate the asset acquisition and fundraising plan [1] - The company has authorized its management to handle all matters related to this termination [1]

证券代码：688381 证券简称：帝奥微 公告编号： 2025-069 江苏帝奥微电子股份有限公司 关于终止发行股份及支付现金购买资产并募集配套 资金事项的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 江苏帝奥微电子股份有限公司（以下简称"帝奥微"或"公司"）于 2025 年 12 月 5 日召开第二届董事会第二十一次会议，审议通过了《关于终止发行股 份及支付现金购买资产并募集配套资金事项的议案》，同意公司终止原发行股份 及支付现金购买资产并募集配套资金事项，并授权公司管理层办理本次终止相关 事宜。现将相关情况公告如下： 一、本次交易基本情况 公司拟以发行股份及支付现金的方式购买荣湃半导体（上海）有限公司（以 下简称"荣湃半导体"或"标的公司"）100%的股权同时募集配套资金（以下简 称"本次交易"）。本次交易预计不构成《上市公司重大资产重组管理办法》规定 的重大资产重组，不构成关联交易，且不构成重组上市。本次交易不会导致公司 实际控制人发生变更。 二、公司在推进本次交易期间所做的主要工作 公司在推进本次交易期间，严格 ...