Core Viewpoint - The company, Jingwei Huirun, is strategically enhancing its position in the semiconductor industry by acquiring significant stakes in its affiliate, Nuo Si Wei, reflecting a strong commitment to the domestic substitution trend in the RF front-end components market [2][3][5]. Group 1: Acquisition Details - On July 3, the company announced plans to acquire a total of 12.3448% equity in Nuo Si Wei, with the purchase price amounting to approximately 1.49 billion yuan [2][3]. - Following the acquisition, Jingwei Huirun's total holding in Nuo Si Wei increased from 22.1155% to 34.5603%, making it the largest shareholder [3][4]. - The valuation of Nuo Si Wei was set at 1.2 billion yuan based on a previous equity auction [2][3]. Group 2: Strategic Importance - The acquisition is seen as a significant step in consolidating control over core assets in the semiconductor RF chip sector, reinforcing the company's strategic layout [3][5]. - The company has invested over 300 million yuan in Nuo Si Wei within a year, demonstrating confidence in the latter's growth potential and the semiconductor sector's future [4][5]. Group 3: Industry Context - The semiconductor industry is a key focus of national policy support, with various incentives aimed at promoting domestic production and innovation [6][7]. - The global filter market is projected to grow significantly, with a compound annual growth rate of 8.04% from 2018 to 2022, and expected to reach 9.204 billion USD by 2025, indicating a robust demand for semiconductor components [7]. - Nuo Si Wei is positioned as a leader in the RF front-end filter chip market, having broken the technological monopoly of Western countries and filling a domestic gap [6][7].