Core Viewpoint - The company has decided to terminate the acquisition of a 97.0070% stake in Chip Lai Technology due to discrepancies between the core demands of the target company's management and the market environment, policy requirements, and the interests of the company and its shareholders [3][5]. Group 1: Termination of Acquisition - The company received a notification from the management of Chip Lai Technology and the transaction counterparties regarding the termination of the acquisition [2]. - The board of directors approved the termination after thorough research, emphasizing that it would not adversely affect the company's normal business operations or harm the interests of shareholders, especially minority shareholders [3]. Group 2: Future Plans and RISC-V Focus - The company will continue to strengthen its layout in the RISC-V field and maintain and deepen its cooperative relationship with Chip Lai Technology as a shareholder [3]. - The company aims to expand collaborations with multiple RISC-V IP core suppliers to promote the rapid development of the RISC-V ecosystem in China [3][9]. Group 3: RISC-V Industry Engagement - The company has been actively involved in the RISC-V industry for over seven years, focusing on building an open RISC-V hardware platform and an open-source RISC-V software ecosystem [4][7]. - The company has organized multiple RISC-V industry forums, promoting over 40 new RISC-V chip products from various domestic enterprises [4]. Group 4: Chip Lai Technology Overview - Chip Lai Technology, established in 2018, has developed over 70 IP products, including more than 20 RISC-V IPs, and has authorized over 300 global customers [6]. - The company achieved a high gross margin of over 90% for its RISC-V IP licensing services and is nearing breakeven [6]. Group 5: Strategic Importance of RISC-V - The termination of the acquisition is seen as a strategic move to enhance the company's competitive edge and expand its business development space in the RISC-V sector [9]. - The company plans to leverage its semiconductor IP and the integration of Chip Lai Technology's RISC-V IP to accelerate the large-scale implementation of RISC-V technology [9].

Core Viewpoint - The acquisitions of RISC-V companies by major players like Qualcomm and Meta signify a natural progression in the RISC-V ecosystem, highlighting the importance of strategic positioning and influence in the evolving landscape of RISC-V technology [3][8]. Group 1: Impact of Qualcomm's Acquisition of Ventana - Qualcomm's acquisition of Ventana strengthens its control over RISC-V standard-setting, which could significantly influence the future ecosystem of RISC-V both globally and in China. This consolidation allows Qualcomm to lead strategic direction, certification standards, and technical guidelines simultaneously [3][4]. - The governance structure of the RISC-V International (RVI) allows for significant disparities in actual influence during technical discussions, with companies like Ventana and Qualcomm having a more substantial voice compared to Chinese enterprises, which need to enhance their participation in standard-setting processes [4][5]. Group 2: Strengthening of Open Source Community Influence - The acquisition enhances Qualcomm's influence in key open-source communities, which is critical for the development of the RISC-V software ecosystem. Qualcomm's experience in upstreaming software could lead to increased support for RISC-V projects, potentially establishing a new technical organization similar to Linaro in the U.S. or Europe [5][6]. - Chinese companies must recognize the importance of contributing to and maintaining a voice in international open-source communities to avoid marginalization. Despite some progress, overall contributions from Chinese organizations remain insufficient and are trending downward [6][7]. Group 3: Uncertainty for Domestic RDSA Industry Alliance - Ventana's active role in the Chinese market and its involvement in founding the RDSA Industry Alliance raises questions about the future of this alliance following the acquisition. The legacy of Ventana in China may face uncertainties [7]. Conclusion - The trend towards RISC-V becoming a global open standard is inevitable, with major tech companies increasing their investments. Domestic RISC-V companies must acknowledge these changes and actively respond to the intensifying competition while emphasizing the importance of upstream contributions and long-term investments [8].