最高9.5亿元，芯原股份间接收购逐点半导体

Group 1 - The core point of the news is that Chipone Technology plans to acquire 100% equity of ZD Semiconductor for a transaction value not exceeding 950 million yuan, with the deal expected to be completed by the end of 2025 [1] - Chipone Technology has established a wholly-owned subsidiary, TianSuiXinYuan, as the entity for this acquisition, contributing 40% of the capital and becoming the largest single shareholder [1] - The acquisition aims to enhance Chipone's technological advantage in visual processing and strengthen its competitiveness in the edge AI ASIC market by integrating ZD Semiconductor's leading AI image enhancement technology with its own GPU IP technology [2] Group 2 - ZD Semiconductor, founded in 2004, is a provider of innovative video and display processing chips and solutions, and is a subsidiary of Nasdaq-listed Pixelworks in China [2] - ZD Semiconductor has successfully entered the supply chains of major global smartphone brands and is a leading supplier of 3LCD projector control chips, holding over 80% market share [2] - For the fiscal year 2024 and the first half of 2025, ZD Semiconductor's revenue is projected to be 385 million yuan and 109 million yuan, respectively, with net losses of 121 million yuan and 64 million yuan [2] Group 3 - Chipone Technology announced in August plans to acquire RISC-V company Xilinx Technology, which is also not yet profitable [3] - The semiconductor industry is characterized by high R&D investment and long cycles, leading to profitability challenges, which also affects Chipone Technology [4] - Chipone's revenue for Q3 is expected to reach 1.284 billion yuan, marking a record high for a single quarter, with a 119.74% increase quarter-on-quarter and a 78.77% increase year-on-year [4]