“吃下”芯来科技 960亿芯片龙头复牌20CM涨停

Core Viewpoint - The acquisition of 97.0070% equity in Chiplet Technology by Chip Origin Co., Ltd. (688521.SH) is a strategic move to enhance its position in the CPU IP sector, aiming to solidify its leadership in the AI ASIC market [1][2]. Group 1: Acquisition Details - Chip Origin plans to acquire the majority stake in Chiplet Technology through a combination of share issuance and cash payment, which will make Chiplet a wholly-owned subsidiary [1]. - The share issuance price for the acquisition is set at 106.66 CNY per share, which is 81.11% of the average stock price over the previous 20 trading days [4]. Group 2: Chiplet Technology Overview - Chiplet Technology is recognized as one of the earliest RISC-V CPU IP suppliers in China, with a strong market position and technical expertise [2]. - Since its establishment in 2018, Chiplet has developed numerous IP products and has over 300 authorized clients, serving various sectors including AI, automotive electronics, and 5G communications [2]. Group 3: Financial Performance - Chiplet Technology reported revenues of 69.46 million CNY in 2023, 77.79 million CNY in 2024, and 6.16 million CNY in the first quarter of 2025, with net losses of 31.79 million CNY, 44.02 million CNY, and 21.16 million CNY respectively [2]. Group 4: Strategic Implications - The acquisition will allow Chip Origin to integrate its existing semiconductor IP resources with RISC-V CPU IP, enhancing its chip solutions for IoT and other applications [3]. - The move is also seen as a response to the growing demand for AI computing power, with 64% of new orders in Q3 2023 related to AI computing [7]. Group 5: Market Position - Chip Origin is positioned as a leader in the semiconductor IP market, holding the largest market share in China and ranking eighth globally for its IP licensing business in 2024 [7].