VeriSilicon(SH:688521) Zheng Quan Shi Bao·2025-12-12 15:32Core Viewpoint - Chipone Technology announced the termination of the acquisition of a 97.0070% stake in ChipRising Semiconductor Technology (Shanghai) Co., Ltd. due to discrepancies between the core demands of the target company's management and market conditions, policy requirements, and the interests of the company and its shareholders [2][4]. Group 1: Transaction Details - The company received a notification from the target company's management and the counterparty regarding the termination of the share issuance and cash payment for the acquisition [2]. - The board of directors approved the termination of the transaction after thorough research, authorizing the chairman to handle related matters [2][4]. - The initial plan, disclosed on September 11, involved acquiring a 97.01% stake in the target company, which was expected to constitute a major asset restructuring [5]. Group 2: Impact and Future Plans - The termination of the major asset restructuring will not adversely affect the company's normal business operations or the interests of shareholders, particularly minority shareholders [4]. - The company plans to continue strengthening its layout in the RISC-V field and maintain a cooperative relationship with ChipRising as a shareholder [4]. - The company aims to expand collaborations with multiple RISC-V IP core suppliers to promote the rapid development of the RISC-V ecosystem in China [4]. Group 3: Company Background - Chipone Technology is recognized as a leading provider of semiconductor IP and offers comprehensive chip customization services [6]. - The company has been acknowledged as the "first stock of Chinese semiconductor IP" and is considered a leader in the AI ASIC sector, with AI-related revenue accounting for approximately 52% of its chip design business in the first half of 2025 [6]. - The target company, established in 2018, is one of the first domestic RISC-V CPU IP providers in China, with over 300 global authorized clients and a leading position in the RISC-V IP business [7].