A股突发！芯片大牛股，终止重组！

Core Viewpoint - The article discusses the termination of a major asset restructuring by Chip Origin Co., Ltd. (芯原股份), which was set to acquire a 97.0070% stake in Chip Lai Zhirong Semiconductor Technology (芯来智融) due to misalignment of key demands and market conditions [4][6][8]. Group 1: Termination of Asset Restructuring - Chip Origin announced the termination of the acquisition of Chip Lai Zhirong, citing discrepancies between the management's core demands and the interests of the company and its shareholders [4][6]. - The company emphasized that this termination will not adversely affect its normal business operations or harm the interests of shareholders, particularly minority shareholders [8][9]. - Following the termination, Chip Origin committed to not planning any major asset restructuring for at least one month and will hold an investor briefing on December 18, 2025 [8]. Group 2: Company Performance and Market Position - Chip Origin has seen a remarkable stock performance, with a year-to-date increase of over 184%, bringing its market capitalization to approximately 783.7 billion yuan [4][9]. - The company specializes in providing comprehensive chip customization services and semiconductor IP licensing, with a strong focus on RISC-V architecture [11]. - In the first three quarters of 2025, Chip Origin reported revenues of 2.255 billion yuan, a year-on-year increase of 36.64%, and a significant growth in new orders, particularly in AI computing [12].