Group 1 - The core point of the article is that 大联大 announced a major organizational restructuring, where its subsidiary 诠鼎 will acquire 100% of the shares of two other subsidiaries, 友尚 and 品佳, through a share conversion method to enhance operational efficiency and global presence [2][3] - The restructuring aims to consolidate resources and create two main operational units, with 诠鼎 and 世平 becoming the new dual engines of the semiconductor distribution business [2][3] - The share conversion ratio is set at 1 share of 友尚 for 2.7947 shares of 诠鼎 and 1 share of 品佳 for 1.2222 shares of 诠鼎, with a base date of January 1, 2026 [3] Group 2 - Following the restructuring, 诠鼎's revenue is projected to reach approximately $11.48 billion, with shareholder equity around $930 million and an employee count of about 1,900 [3] - 大联大 reported its Q3 financial results, with revenue of NT$244.467 billion, a net profit of NT$5.35 billion, and a net income of NT$3.178 billion, marking significant year-on-year growth [3] - The strong financial performance is attributed to the rapid development of generative AI, which has increased demand for electronic components across various product categories [3]

Core Viewpoint - The company Dalian Da (3702) has approved a restructuring plan to convert its subsidiaries YouShang and PinJia into 100% owned subsidiaries of its subsidiary QuanDing, aiming to enhance operational efficiency and global reach in the semiconductor distribution business [1] Group 1: Restructuring Details - Dalian Da's restructuring will result in QuanDing and ShiPing becoming the two core engines of its semiconductor distribution business, consolidating its operations into two main fleets to better respond to industry changes and global expansion [1] - The restructuring involves a share conversion where YouShang will exchange 1 share for 2.7947 shares of QuanDing, and PinJia will exchange 1 share for 1.2222 shares of QuanDing, with a base date set for January 1, 2026 [2] Group 2: Future Outlook - Post-restructuring, QuanDing and ShiPing are expected to each generate revenue in the range of approximately $12 billion to $13 billion, with each entity employing thousands of staff [1] - The company aims to strengthen international collaborations, expand its global footprint, optimize resource allocation, and enhance organizational efficiency to create a robust growth engine [1]