Ju Chao Zi Xun·2025-08-04 10:17Core Viewpoint - Company has strategically acquired a 6% stake in Jinghe Integrated for 2.39 billion yuan, marking its first foray into the semiconductor wafer manufacturing sector, achieving vertical integration of "end products + chip manufacturing" [2] Group 1: Strategic Investment - The acquisition positions the company as a significant strategic shareholder and partner of Jinghe Integrated, enhancing its technological capabilities and product competitiveness [2] - This move aligns with the company's ongoing strategy to expand upstream in the industry chain and deepen its involvement in core segments [2] Group 2: Market Context - Jinghe Integrated is a leading domestic semiconductor wafer manufacturer, producing various chips such as display driver chips, image sensors, power management chips, and microcontrollers, which are widely used in consumer electronics and office products [2] - The end products of Jinghe Integrated closely overlap with the company's existing "3+N+3" product lineup, indicating a strong synergy [2] Group 3: Previous Acquisitions - Prior to this investment, the company enhanced its competitiveness in smart terminal structural components through acquisitions of Huayu Precision, Heyuan Xiqin, and Nanchang Chunqin [2] - The company also entered the acoustic module sector by acquiring Yiluda Holdings, leveraging its customer advantages and overseas bases to improve its global customer portfolio [2] - Additionally, the acquisition of Haoyin Robotics allowed the company to venture into emerging business areas, upgrading its product strategy [2]