Core Viewpoint - The merger between Haiguang Information and Zhongke Shuguang represents a significant development in the domestic computing power industry, with a share exchange ratio of 0.5525:1, aiming to enhance their combined capabilities in high-end processors and computing systems [2][3]. Group 1: Merger Details - Haiguang Information plans to absorb Zhongke Shuguang through a share exchange, with both companies resuming trading on June 10 after a 10-day suspension [2]. - Following the announcement, Zhongke Shuguang's stock hit the daily limit, while Haiguang Information's stock rose by 4.30% to 141.98 yuan per share [2]. Group 2: Strategic Implications - The merger will allow Haiguang Information to extend its business into high-end computers, storage, security, data centers, and intelligent computing centers, enhancing synergy between high-end processors and computing systems [3]. - This consolidation is expected to create a full industry chain layout, combining chip design with server manufacturing and cloud computing services, thereby strengthening the overall ecosystem [5]. Group 3: Industry Impact - The merger is seen as a pivotal step for the domestic computing power industry, potentially leading to more semiconductor companies acquiring downstream module and system companies, thus reshaping the supply chain dynamics [6]. - The successful merger is anticipated to drive the development of the domestic semiconductor industry, setting a new precedent for rational mergers and reducing redundant investments [7].