300862 半导体收购终止

Core Viewpoint - The company, 蓝盾光电, has decided to terminate the cash transaction of 80 million yuan for acquiring equity in 星思半导体, despite being a shareholder with a 4.95% stake in the latter [2][5]. Group 1: Transaction Details - The investment intention letter was signed in July 2024, and the transaction has been in negotiation for nearly a year and a half [2][7]. - The company planned to pay 80 million yuan to acquire 3.4783% of 星思半导体's equity, corresponding to a registered capital of 782,800 yuan [7]. - The termination of the transaction was influenced by the company's and 星思半导体's situations, aiming to control investments and protect the interests of all shareholders, especially minority shareholders [5][4]. Group 2: Company Background - 星思半导体, established in 2020, focuses on 5G/6G communication technology, providing competitive integrated baseband chips and solutions for various applications, including satellite communication and industrial IoT [10]. - The company has completed six rounds of financing since its inception, raising over 1.7 billion yuan, with notable investors including 高瓴, 鼎晖, and 纪源资本 [10]. - 星思半导体 is expected to achieve large-scale commercial use of its chips by 2025, with ongoing testing and validation by major clients [8]. Group 3: Future Prospects - The company is set to release new Ka modules and solutions at the 2025 Satellite Application Conference, focusing on satellite communication core technologies and expanding application scenarios [11]. - The strategic decision to terminate the acquisition aligns with the company's long-term vision of enhancing its stake in 星思半导体 and fostering business cooperation [8][5].