688521两项并购，一终止、一签约

Core Viewpoint - Chip Origin Co., Ltd. (芯原股份) has announced significant developments regarding two acquisitions, terminating the purchase of 97.0070% equity in Xinlai Zhihong and instead signing agreements to acquire control of Zhudian Semiconductor through Tian Sui Xin Yuan as the acquiring entity [1][12]. Group 1: Acquisition Developments - The company has terminated the issuance of shares and cash payment for the acquisition of Xinlai Zhihong, while signing an investment agreement with Tian Sui Xin Yuan and other investors to acquire Zhudian Semiconductor [1][12]. - Tian Sui Xin Yuan plans to increase its registered capital by 940 million yuan, with Chip Origin contributing 20 million yuan in cash and 2.11% equity in Zhudian Semiconductor [3][6]. Group 2: Investor Support - The acquisition is backed by several prominent investment funds, including Huaxin Dingxin, which is part of the National Integrated Circuit Industry Investment Fund, and Shanghai Guotou, a leading private equity fund [6][8]. Group 3: Strategic Importance of the Acquisition - The acquisition of Zhudian Semiconductor is expected to enhance Chip Origin's technological advantages in visual processing, combining their image pre-processing IP with Zhudian's image post-processing IP to provide comprehensive solutions for mobile clients [10]. - The collaboration aims to strengthen the company's position in AI ASIC markets across various applications, including AI smartphones and AI TVs, leveraging Zhudian's established relationships with major smartphone brands [10][11]. Group 4: Termination of Xinlai Zhihong Acquisition - The termination of the Xinlai Zhihong acquisition does not alter the company's strategic direction, as it will continue to strengthen its presence in the RISC-V sector and maintain partnerships with RISC-V IP suppliers [12][14]. - Chip Origin has been actively involved in the RISC-V industry for over seven years, leading initiatives such as the establishment of the China RISC-V Industry Alliance, which has grown to 204 member units [16]. Group 5: New Product Development - Recently, Chip Origin announced a collaboration with Google to launch the Coral NPU IP, designed for low-power edge applications, which is based on the RISC-V architecture [17].