重组预案落地！千亿芯片巨头华虹股价放飞，一度涨超18%

Core Viewpoint - Huahong Company announced a significant restructuring plan to acquire 97.4988% of Huali Micro's shares through a combination of issuing shares and cash payments, aiming to enhance its market position and operational capabilities [1][3]. Group 1: Acquisition Details - The acquisition involves Huahong Company purchasing shares from Huahong Group and three other parties, with plans to issue shares to no more than 35 specific investors to raise supporting funds [3]. - The share issuance price is set at 43.34 yuan per share, which is approximately 44.79% lower than the stock price of 78.5 yuan prior to the suspension [6]. - The funds raised will primarily be used for working capital, debt repayment, and supporting Huali Micro's project development, with a maximum of 25% allocated for working capital and debt repayment [6]. Group 2: Strategic Rationale - The acquisition is expected to significantly enhance Huahong's 12-inch wafer foundry capacity and improve its service offerings through complementary technology platforms [7]. - It will facilitate resource integration for R&D, optimizing processes and improving yield rates, thereby strengthening technical barriers and enhancing market share and profitability [7]. - The acquisition aligns with Huahong's strategy to address its recent decline in net profit, which fell by 71.95% to 0.74 billion yuan, despite a 19.09% increase in revenue to 8.018 billion yuan [7]. Group 3: Industry Context - The semiconductor industry has seen a surge in acquisition activities, with major players consolidating resources to strengthen market positions [8]. - Other companies, such as SMIC, are also engaging in acquisitions to enhance their capabilities, indicating a trend of resource integration within the industry [8][10]. - The competitive landscape is intensifying, prompting companies to pursue mergers and acquisitions as a means to quickly expand market share and improve resilience against risks [10].