AMEC(SH:688012) Zhong Guo Jing Ying Bao·2025-12-26 18:56Core Viewpoint - The semiconductor equipment leader, Zhongwei Company, is planning to acquire a controlling stake in Hangzhou Zhonggui Electronics Technology Co., marking a strategic move towards becoming a platform company in the semiconductor equipment sector within five years [2][4]. Group 1: Acquisition Strategy - Zhongwei Company aims to enhance its core technology portfolio and provide more competitive integrated solutions through this acquisition, which is seen as a significant step towards its goal of becoming a global leader in semiconductor equipment [4][5]. - The acquisition reflects a broader trend among leading semiconductor companies on the Sci-Tech Innovation Board, driven by policy incentives and industry upgrade demands, focusing on "supplementing and strengthening the chain, and value synergy" [2][6]. Group 2: Market Dynamics - Since the release of the "Eight Articles of Sci-Tech Innovation Board," over 150 merger and acquisition transactions have been disclosed, with more than 70% successfully completed, indicating a robust M&A environment in the semiconductor sector [6]. - The semiconductor industry is experiencing a rationalization phase in M&A activities, with an increase in terminated deals not signaling a cooling market but rather a return to rational market behavior [7][8]. Group 3: Industry Trends - The semiconductor sector is witnessing a shift from quantity accumulation to qualitative leaps, with leading companies aiming to transition from domestic to globally competitive players [2][6]. - The concentration of resources and industry maturity is driving a natural trend towards consolidation, as evidenced by the strategic moves of companies like Zhongwei and Huahai Qingke [5][6].