公开资料显示，帝奥微是一家专注于从事高性能模拟芯片的研发、设计和销售的集成电路设计企业。而 荣湃半导体亦专注于高性能、高品质模拟芯片的设计、研发与销售。 帝奥微表示，目前公司生产经营情况正常，本次交易终止不会对公司的生产经营和财务状况造成重大不 利影响，不存在损害公司及中小股东利益的情形。并承诺，自本次终止公告披露之日起至少1个月内不 再筹划重大资产重组事项。 并购是模拟芯片行业做大做强的关键手段。 国际电子商情8日讯 10月20日晚，帝奥微发布多条公告，宣布收购荣湃半导体完善模拟芯片布局。然而 仅47天过去，12月6日帝奥微公告，公司12月5日会议审议通过终止发行股份及支付现金购买荣湃半导体 100%股权并募集配套资金事项，原因是交易各方就方案、价格等核心条款未达成一致。 2025年前三季度，帝奥微实现营业总收入4.57亿元，同比增长11.41%;归母净利润亏损2428.19万元，上 年同期盈利1833.14万元;扣非净利润亏损5649.91万元，上年同期亏损2250.32万元。 而荣湃半导体亦专注于高性能、高品质模拟芯片的设计、研发与销售。荣湃半导体产品包括数字隔离 器、隔离接口、隔离驱动、隔离采样、光M ...

Core Viewpoint - The article discusses the termination of a significant acquisition by DiAo Microelectronics, which was intended to purchase 100% of Rongpai Semiconductor's shares and raise supporting funds through the issuance of shares and cash payments [1][3]. Company Overview - DiAo Microelectronics is focused on the research, design, and sales of high-performance analog chips, with a product range that includes signal chain analog chips and power management analog chips. The company has developed several advanced products and has obtained ISO9001 certification [4]. - Rongpai Semiconductor specializes in high-performance analog chip design and has developed unique technologies, including the iDivider technology, which has led to breakthroughs in domestic isolation chips [5]. Acquisition Details - The acquisition aimed to enhance DiAo Microelectronics' product offerings in the isolation chip category and leverage Rongpai Semiconductor's patented technologies and customer resources to improve market competitiveness [5]. - The termination of the acquisition was due to the inability to reach an agreement on key terms such as transaction price and performance commitments after multiple discussions [6]. Financial Impact - As of December 5, DiAo Microelectronics' stock price was reported at 24.23 CNY per share, with a total market capitalization of nearly 6 billion CNY [7]. The company stated that the termination of the acquisition would not have a significant adverse impact on its operational and financial status [6].

Core Viewpoint - The acquisition of Rongpai Semiconductor by Diaowei has been terminated due to failure to reach consensus on key terms such as transaction scheme, price, and performance commitments [1][6]. Company Overview - Diaowei Microelectronics (688381) focuses on the research, design, and sales of high-performance analog chips, covering signal chain and power management analog chips [4]. - The company has developed various advanced products, including high-performance analog switches and low-power operational amplifiers, and is certified with ISO9001 [4]. - Diaowei's products are widely used in smartphones, computers, automotive, servers, smart wearables, smart home appliances, communication devices, and robotics [4]. Acquisition Details - The initial plan was for Diaowei to acquire 100% of Rongpai Semiconductor's shares through a combination of issuing shares and cash payments, along with raising supporting funds [3]. - Rongpai Semiconductor specializes in high-performance analog chip design and has developed unique technologies, including the iDivider technology, which has led to breakthroughs in domestic isolation chips [5]. Rationale for Acquisition - The acquisition was seen as a key strategy for growth in the analog chip industry, allowing Diaowei to quickly expand its product offerings and enhance its competitive advantage by leveraging Rongpai's established technologies and customer resources [5]. Termination Reasons - The termination was a result of extensive discussions and negotiations that did not yield agreement on the core terms of the transaction [6]. - The company stated that the termination would not adversely affect its operational and financial status, ensuring the protection of shareholder interests [6]. Market Position - As of December 5, Diaowei's stock price was reported at 24.23 yuan per share, with a total market capitalization of nearly 6 billion yuan [7].

Core Viewpoint - DiAo Micro plans to acquire 100% equity of Rongpai Semiconductor through a combination of issuing shares and cash payment, with the stock resuming trading on October 21 after a suspension of over half a month [2][3]. Company Summary - DiAo Micro will purchase Rongpai Semiconductor from 16 shareholders, including Xiaomi Changjiang, which holds a 3.87% stake in DiAo Micro as of September 26, 2025 [3]. - Rongpai Semiconductor, established in 2017, focuses on high-performance analog chip design, development, and sales, with applications in automotive electronics, industrial control, new energy, smart meters, and smart home appliances [3][5]. - DiAo Micro specializes in analog chips, with its main products being signal chain analog chips and power management analog chips, aligning with Rongpai's focus [4][5]. Financial Performance - In the first half of 2025, DiAo Micro reported revenue of 306 million yuan, a year-on-year increase of 15.11%, but a net loss attributable to shareholders of 4.21 million yuan, compared to a profit of 26.77 million yuan in the same period last year [5]. - The acquisition is expected to accelerate DiAo Micro's layout in the analog chip sector and expand its downstream application areas [5]. Industry Context - The analog chip market is characterized as a "long tail" product market, where single companies struggle to establish comprehensive competitiveness, making mergers and acquisitions a key strategy for growth [5]. - Domestic manufacturers have been accelerating mergers and acquisitions, with notable transactions occurring in the second half of the year [5]. - Analysts suggest that horizontal mergers can help consolidate the market and promote high-quality development of the analog chip industry [5].