芯原拟100%控股芯来：股份发行价106.66元/股

Core Viewpoint - The company, Chip Origin, announced a plan to acquire a 97.0070% stake in Chip Lai Technology through a combination of issuing shares and cash payment, aiming to enhance its semiconductor IP and chip customization services [2][11]. Group 1: Transaction Details - The acquisition involves 31 parties, including Chip Lai Co-Creation and Hu Zhenbo, with Chip Origin currently holding a 2.9930% stake in Chip Lai Technology [2]. - The payment structure for the acquisition has not been finalized, and the total transaction price will be based on an evaluation report from a qualified agency [4][11]. - The share issuance price has been set at 106.66 CNY per share, which is 80% of the average trading price over the last 20 trading days [5][6]. Group 2: Company Background - Chip Origin is recognized as a leading provider of semiconductor IP and chip customization services, often referred to as the "first stock of China's semiconductor IP" [6][11]. - The company has a diverse portfolio of six key processor IPs, including GPU, NPU, VPU, DSP, ISP, and Display Processing IP, along with over 1,600 mixed-signal and RF IPs [7]. - Chip Origin's semiconductor IP licensing business is projected to hold the largest market share in China and rank eighth globally in 2024 [7]. Group 3: Strategic Implications - The acquisition is expected to enhance Chip Origin's capabilities in the RISC-V domain, leveraging Chip Lai Technology's resources to accelerate the commercialization of RISC-V technology [11]. - The company aims to build an open RISC-V hardware platform and foster an open-source software ecosystem to promote the rapid development of the RISC-V ecosystem in China [11]. - As of the second quarter of 2025, Chip Origin reported a record high order backlog of 3.025 billion CNY, with new orders significantly increasing, particularly in AI computing [11].