Core Viewpoint - The "2025-2026 Action Plan for Stable Growth in the Electronic Information Manufacturing Industry" encourages reasonable mergers and acquisitions to integrate advantageous resources and reduce ineffective competition, aiming to cultivate internationally competitive leading enterprises [1] Industry Summary - The semiconductor industry is characterized by technology intensity, making technological accumulation crucial. Mergers and acquisitions (M&A) serve as an effective means for companies to quickly integrate resources and acquire technology, while also helping to optimize the competitive environment within the industry [1] - The Action Plan signals positive support for M&A and industry integration in the semiconductor sector, emphasizing the role of various national funds in guiding investments and financing for enterprises [1] - The current domestic market has over 3,000 semiconductor companies, with significant homogeneity, necessitating resource integration for healthy competition. The Action Plan has released positive signals for industry development [2] Company Activities - Companies like Aiwei Electronics are actively seeking suitable acquisition targets to enrich product categories and expand market presence. Similarly, Simerp has acquired Chuangxinwei and is working on business integration [2] - The semiconductor M&A landscape is currently active, with companies such as SMIC, Huahong, and others recently disclosing related announcements across various segments of the semiconductor supply chain [2] - The acquisition by TaiLing Micro of Panqi Micro is seen as a strategic move for technological complementarity and ecosystem building, aligning with national goals for high-end, intelligent, and green development [3] Market Trends - The implementation of the Action Plan is expected to sustain M&A activities within the industry, with improving company performance providing a better foundation for such activities. Leading companies will pursue M&A to enhance supply chain collaboration, security, and competitiveness [3] - Horizontal integration is anticipated to become a mainstream trend in the semiconductor industry, with accelerated M&A expected in competitive fields such as consumer electronics and analog sectors, leading to increased market concentration and the emergence of larger platform design companies [3]
政策助力 半导体公司重组整合升温
Shang Hai Zheng Quan Bao·2025-09-05 20:17