张通社 zhangtongshe.com ｜立足张江，面向上海，服务科创｜ 天遂芯愿拟新增注册资本为9.4亿元，其中芯原股份拟以其在此次收购后所持逐点半导体2.11%的股份认缴天遂芯愿2000万元新增注册资本，以现金3.5亿 元认缴天遂芯愿3.5亿元新增注册资本。 此次收购被视为其强化产业布局、提升竞争力的关键举措。 出品 | 张通社 首图 | 企业官网 近日，芯原微电子（上海）股份有限公司（以下简称"芯原股份"）发布对外投资进展公告，公司拟联合共同投资人对特殊目的公司天遂芯愿科技（上海） 有限公司（以下简称"天遂芯愿"）进行投资，并以天遂芯愿为收购主体，收购逐点半导体（上海）股份有限公司（以下简称"逐点半导体"）的控制权。 共同投资方堪称"豪华" 今年10月，芯原股份召开第三届董事会第四次会议，审议通过了《关于联合投资人收购逐点半导体（上海）股份有限公司股份的议案》。公司拟联合共同 投资人对特殊目的公司天遂芯愿进行投资，并以天遂芯愿为收购主体收购逐点半导体的控制权。 与此同时，天遂芯愿与逐点半导体股东、逐点半导体等相关方签署《股份购买协议》，约定以9.3亿元现金加上交易费用等相关费用收购标的公司97.89% ...

Core Viewpoint - The acquisition of 97.89% of Zhuduan Semiconductor by Tiansu Xinyuan for 9.3 billion yuan aims to enhance the competitive edge in the AI image processing sector and expand market opportunities in various AI applications [5][12]. Company Overview - Zhuduan Semiconductor, established in 2004, is a subsidiary of Pixelworks listed on NASDAQ, focusing on mobile device visual processing chips and has been recognized as a national-level "little giant" enterprise in 2024 [2][3]. - The company has developed innovative visual processing chips that are utilized in major smartphone brands such as Xiaomi, Honor, Vivo, and OPPO, and holds over 160 domestic and international patents [6][12]. Financial Performance - For the first half of 2025, Zhuduan Semiconductor reported revenues of 110 million yuan and a net loss of 64 million yuan [3]. - As of June 30, 2025, the total assets were approximately 28.55 billion yuan, with total liabilities of about 5.63 billion yuan, resulting in net assets of around 22.92 billion yuan [4]. Acquisition Details - Tiansu Xinyuan plans to acquire Zhuduan Semiconductor for a total consideration of 9.5 billion yuan, which includes transaction fees [4][5]. - Following the acquisition, Zhuduan Semiconductor will be fully consolidated into the financial statements of Chip Origin Co., Ltd. [5]. Strategic Implications - The merger is expected to create synergies between Zhuduan Semiconductor's expertise in image post-processing and Chip Origin's strengths in image pre-processing, enhancing the overall product offerings in the AI and mobile device markets [12][13]. - The integration of technologies is anticipated to improve capabilities in various applications, including AI smartphones, AI glasses, and cloud gaming [12][13]. Market Position - Zhuduan Semiconductor holds over 80% market share in the 3LCD projector main control chip sector and is recognized for its advanced circuit design and image quality algorithms [6][12]. - The company has established stable partnerships with leading smartphone manufacturers, positioning itself as a key player in the supply chain [12].