TOREAD(SZ:300005) 半导体行业观察·2025-12-02 01:37Core Viewpoint - The company, Explorer, has announced the acquisition of 51% stakes in Shenzhen Betlai Electronics Technology Co., Ltd. and Shanghai Tongtu Semiconductor Technology Co., Ltd. for a total of 678.3 million yuan, aiming to enhance its chip business and expand its market presence in the semiconductor industry [1][8]. Group 1: Acquisition Details - The board of Explorer approved the acquisition of Betlai for 321.3 million yuan and Tongtu for 357 million yuan, using its own funds [1]. - The transactions do not constitute related party transactions or major asset restructuring, and they can be implemented upon board approval without needing a shareholder meeting [1]. Group 2: Betlai Overview - Betlai is a national high-tech enterprise specializing in analog-digital mixed signal chain chips, focusing on fingerprint recognition chips, touch chips, and dedicated MCU chips [2]. - The company has established itself as a leading chip design and solution provider in China, particularly in the fingerprint recognition sector, where it ranks first in the smart lock market [3][11]. Group 3: Tongtu Overview - Tongtu specializes in IP technology licensing and chip design, particularly in image and video processing, with applications in mobile AP chips, AMOLED driver chips, and automotive ADAS chips [4][5]. - The company has developed advanced technologies such as frame rate conversion and super-resolution, which are widely used in various consumer electronics [5][6]. Group 4: Strategic Importance of Acquisitions - The acquisitions are aimed at leveraging the rapid development of artificial intelligence, which requires high-precision and high-response sensing technologies as foundational elements for smart technology applications [8]. - By integrating Betlai's signal chain chip technology and Tongtu's IP resources, Explorer aims to enhance its product offerings and market competitiveness in the semiconductor sector [9][10]. Group 5: Market Expansion and Competitive Position - The acquisition will allow Explorer to expand its application markets, optimizing its customer structure and improving profitability by covering a broader range of consumer electronics and industrial control markets [10][11]. - Both Betlai and Tongtu are recognized leaders in their respective fields, which will significantly enhance Explorer's industry position and core competitiveness [11][12]. Group 6: Product and Technology Integration - The acquisition will enrich Explorer's product matrix by adding over 80 mature products and more than 230 intellectual property rights, including patents and software copyrights [12]. - The collaboration is expected to create synergies in market, customer, product, technology, and supply chain management, ultimately enhancing Explorer's profitability [12].