Core Viewpoint - The company, 蓝盾光电, has decided to terminate the transaction to acquire a 3.4783% stake in 星思半导体 for 80 million yuan, citing the need to protect shareholder interests and manage investment risks [1][4][7] Group 1: Transaction Details - The transaction was originally based on a letter of intent signed on July 26, 2024, and a formal agreement signed on September 13, 2024 [1][4] - The stake corresponds to a registered capital of 782,800 yuan [1][4] Group 2: Current Holdings and Market Position - Despite the termination, the company retains a 4.95% stake in 星思半导体, making it the sixth-largest shareholder [3][6] - 星思半导体, established in 2020, focuses on 5G/6G communication technology and has raised over 1.7 billion yuan across six funding rounds, with notable investors including 高瓴 and 鼎晖 [3][6] Group 3: Strategic Implications - The decision to terminate the transaction is aimed at reducing financial risks and external investment pressures while maintaining asset quality and shareholder stability [3][6] - The company remains optimistic about the prospects of domestic baseband chips in 5G FWA and satellite internet applications, indicating potential for future collaboration with 星思半导体 [3][6][7]