Core Viewpoint - The storage market remains robust, with PuRan Co. planning to acquire the remaining 49% stake in Noah Changtian Storage Technology Co., following a previous acquisition of 31% to gain control of the company [1][2]. Company Summary - PuRan Co. has announced a plan to acquire the remaining 49% stake in Noah Changtian, with the transaction still in the planning stage and the valuation yet to be finalized [1]. - The initial transaction involved acquiring a 31% stake for approximately 144 million yuan, which would give PuRan a 51% controlling interest in Noah Changtian [2]. - Noah Changtian is a holding company for SkyHigh Memory Limited (SHM), which specializes in high-performance 2D NAND and derivative storage products [2]. Financial Performance - SHM reported a revenue of 863 million yuan and a net profit of 23.74 million yuan for the fiscal year 2024, with revenues of 687 million yuan and a net profit of 47.49 million yuan for the first eight months of 2025 [3]. - PuRan Co. has faced declining profits, with a total revenue of 1.433 billion yuan in the first three quarters of the year, a year-on-year increase of 4.89%, but a net profit decline of 73.73%, amounting to only 59.04 million yuan [3]. - The acquisition is expected to enhance PuRan's product matrix and strengthen its competitive position in the global storage market [3]. Industry Insights - The DRAM and NAND Flash industries are shifting focus from merely expanding capacity to upgrading process technology and developing high-value products [3]. - The demand for NAND Flash is driven by the rapid increase in storage capacity needs due to AI and a supply shortage of HDDs, leading cloud service providers to switch orders [3]. - The structural shortage in the NAND Flash market is expected to persist throughout 2026 [3].

Core Viewpoint - The article discusses recent acquisitions in the semiconductor industry, highlighting the strategic moves by companies like Purun and Amlogic to enhance their market positions and technological capabilities through these transactions [1]. Group 1: Purun's Acquisition of Noah Changtian - Purun Semiconductor plans to acquire a controlling stake in Zhuhai Noah Changtian Storage Technology Co., which will allow it to indirectly control SkyHigh Memory Limited [3][5]. - The acquisition is expected to complement Purun's product, market, and technology offerings, enhancing its competitiveness in non-volatile storage products [3][6]. - The target company, Noah Changtian, holds 100% of SHM, which specializes in high-performance 2D NAND and derivative memory products, with a strong global sales network [4][6]. Group 2: Market Trends and Opportunities - The global semiconductor industry is experiencing rapid growth due to technological advancements, increasing market demand, and supportive policies [6]. - The storage chip sector, particularly 2D NAND, is undergoing significant development, driven by AI, data factorization, and domestic substitution trends [6][7]. - The SLC NAND market is projected to grow from $2.31 billion in 2024 to $3.44 billion by 2029, with a compound annual growth rate of 5.8% [7]. Group 3: Amlogic's Acquisition of Chipmike - Amlogic plans to acquire 100% of Chipmike Semiconductor for approximately RMB 316.11 million, which will make Chipmike a wholly-owned subsidiary [9]. - The acquisition aims to enhance Amlogic's capabilities in wireless communication, particularly in IoT, automotive, and mobile smart terminal sectors [9][10]. - By integrating Chipmike's technology, Amlogic seeks to build a comprehensive communication technology stack, enhancing its AIoT product offerings and expanding its market reach [10].