2025年3月4日，新相微发布公告称，公司拟通过发行股份、可转换公司债券及支付现金方式，购 买 深圳市爱协生科技股份有限公司（以下简称"爱协生" ） 100%股权，并向不超过35名特定投 资者发行股份募集配套资金。 8月8日，新相微宣布， 由于交易相关方未能就本次交易的最终方案达成一致意见 ，公司拟终止本 次交易并授权管理层办理本次终止相关事宜。 值得一提的是，企查查显示，新相微与京东方拥有共同股东——北京国有资本运营管理有限公司。 资料显示，爱协生是一家专注于集成电路产品设计、开发、测试与销售的公司，其业务范围涵盖通 信系统产品、计算机软硬件、电子产品技术开发等领域。此外，公司在AMOLED驱动芯片、穿戴 TDDI驱动芯片、智能显控SoC、指纹识别芯片、音频与电源芯片、智联显控模块等产品方向上也 有布局。 而新相微的主营业务聚焦于显示芯片的研发、设计及销售，致力于提供完整的显示芯片系统解决方 案。产品覆盖了各终端应用领域的全尺寸显示面板，适配当前主流的TFT-LCD和AMOLED显示技 术。 2024年，新相微营业收入为50,739.99万元，同比增长5.61%；归属于上市公司股东的净利润为 843.29万 ...

Core Viewpoint - The article discusses the termination of the acquisition of Shenzhen Aixiangsheng Technology Co., Ltd. by Shanghai Xinxiangwei Electronics Co., Ltd., highlighting the reasons for the termination and its implications for the company's strategic development [2][5]. Company Overview - Shanghai Xinxiangwei Electronics Co., Ltd. was founded in 2005 by Peter Hong Xiao, a PhD from UC Berkeley, and is one of the first domestic companies to localize display driver chips in China [4]. - The company has developed a comprehensive range of products, including display driver ICs and power management chips, and has established deep strategic partnerships with major domestic panel customers [4]. - Xinxiangwei is focusing on next-generation display technologies, including MicroLED products, which are currently applied in AR glasses, showcasing its commitment to innovation and technology diversification [4]. Acquisition Context - The acquisition of Aixiangsheng was part of Xinxiangwei's strategic layout to enhance its capabilities in TDDI chips, which are crucial for LCD and OLED technologies [5]. - The termination of the acquisition is seen as a missed opportunity to accelerate Xinxiangwei's TDDI layout, but the company maintains that it will not disrupt its ongoing technological advancements in this area [5]. Aixiangsheng Overview - Aixiangsheng, established in 2011, specializes in chip design and solutions for human-computer interaction, with a reported revenue exceeding 800 million yuan in 2022 [6]. - The company has undergone two rounds of financing and has plans to increase R&D investment in AMOLED driver chips and wearable TDDI driver chips in the coming years [6]. - Aixiangsheng had previously considered an A-share listing and completed a shareholding reform in July 2022, indicating its growth ambitions [6]. Implications of Termination - With the termination of the acquisition, Aixiangsheng will need to seek new opportunities for growth and partnerships in the industry [7].

星标 ★ IPO日报 精彩文章第一时间推送 几个月内，两家上市公司先后公告拟并购同一标的公司。 2024年11月，英唐智控和爱协生科技公司（下称"爱协生"）未能协商一致终止收购后。3月，新相微快速接上，向并购标的伸出橄榄枝。 近期，新相微公告称，公司正在筹划以发行股份及支付现金的方式购买爱协生控制权并同时募集配套资金。经初步沟通，本次交易预计构成重大资产重 组。公司股票已于2025年3月3日开市起停牌，并将于2025年3月4日继续停牌，预计停牌时间不超过5个交易日。 当前半导体显示行业竞争激烈，但行业整合趋势明显，这或是新相微在行业整合上的新方向。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 688593 | 新相微 | A 股 停牌 | 2025/3/4 | | | | 制图：佘诗婕 业务协同 近年来，新相微也一直在推动产业生态布局和业务发展，此次收购爱协生是其战略布局的一部分。 据悉，新相微是国内领先的显示芯片设计企业，专注于显示驱动IC的研发和销售。 ...

Core Viewpoint - The company Xinxiangwei plans to acquire control of Aixiangsheng through a combination of share issuance and cash payment, which could enhance its competitiveness in the integrated circuit industry and provide new growth opportunities if the transaction is successful [1][3]. Group 1: Company Overview - Xinxiangwei focuses on the research, design, and sales of display chips, providing complete display chip system solutions for various terminal applications, covering mainstream TFT-LCD and AMOLED display technologies [2]. - Aixiangsheng specializes in the design, development, testing, and sales of integrated circuit products, with a business scope that includes communication system products, computer software and hardware, and electronic product technology development [2]. Group 2: Transaction Details - The transaction is currently in the planning stage, with no formal agreement signed yet, and the specific transaction plan is still under discussion, indicating uncertainty [2]. - The transaction requires approval from Xinxiangwei's board of directors, shareholders' meeting, and relevant regulatory authorities before it can be officially implemented, which also carries uncertainty regarding approval [2].