HUA HONG SEMI(SH:688347) 证券时报·2025-08-31 09:45Core Viewpoint - The semiconductor industry in China is entering a "buying spree" phase, with multiple listed companies announcing mergers and acquisitions to strengthen and integrate their supply chains [1][5]. Group 1: Company Announcements - Huahong Semiconductor announced on August 31 that its board approved a plan to issue shares and pay cash to acquire assets, with trading resuming on September 1 [2][5]. - The share issuance price is set at 43.34 yuan per share, which is approximately 44.79% lower than the pre-suspension price of 78.5 yuan per share [6][7]. - The acquisition involves purchasing a 97.4988% stake in Huazhi Micro from four parties, including Huahong Group and several investment funds [7]. Group 2: Industry Trends - The semiconductor sector is witnessing accelerated mergers and acquisitions, with over ten companies announcing restructuring plans in August alone [10]. - For instance, SMIC is planning to acquire a minority stake in its subsidiary, SMIC North, through an A-share issuance [10]. - TaiLing Micro is also pursuing a restructuring plan to acquire 100% of Panqi Micro, enhancing its capabilities in low-power wireless IoT chip design [11].