科创板再迎来一家"硬科技"企业。6月17日，上交所官网显示，上海兆芯集成电路股份有限公司(以下简 称"兆芯集成")科创板IPO申请获正式受理。 兆芯集成提交的招股说明书显示，公司深耕行业多年，全面掌握通用处理器及配套芯片设计研发的核心 技术，是目前国内领先的可同时面向桌面PC(个人电脑)、服务器、工作站以及嵌入式等多领域并持续兼 容x86指令集的CPU(中央处理器)设计企业。 兆芯集成自成立以来就专注于通用处理器芯片研发的关键核心技术，公司组建了一支全建制、全覆盖、 专业能力突出的研发团队，专注于通用处理器芯片研发的关键核心技术。公司研发团队拥有丰富的研发 经验，通过全自主建立全流程的设计规范、设计标准以及芯片实现的全部环境。 市场开拓方面，兆芯集成在政务、金融、教育、能源、通信、交通、工业、医疗等领域的市场拓展中已 取得突破性进展。2024年，在联想开天、软通计算机、紫光、升腾、视源等头部桌面PC厂商的国产终 端出货中，搭载兆芯集成CPU的产品占比位列第一，已在国产桌面PC市场构建了领先的市场地位。 自主生态建设方面，目前兆芯集成处理器产品已支持统信、麒麟、中科方德、欧拉、龙蜥等操作系统， 并与超过3000 ...

Core Viewpoint - The merger between Haiguang Information and Zhongke Shuguang is highly anticipated by investors, with expectations that it will lead to a rally in technology stocks following the resumption of trading [1][2]. Group 1: Merger Details - The merger involves a share exchange ratio where one share of Zhongke Shuguang can be exchanged for 0.5525 shares of Haiguang Information, with the exchange prices set at 79.26 CNY for Zhongke Shuguang and 143.46 CNY for Haiguang Information [6][7]. - The total assets of Haiguang Information are reported at 2,855,949.20 million CNY, while Zhongke Shuguang's total assets are 3,661,749.16 million CNY, indicating that Zhongke Shuguang has a higher asset base [8]. Group 2: Market Reaction - On June 10, Haiguang Information saw a peak increase of 8.72% during the bidding phase, closing with a 4.22% rise, while Zhongke Shuguang reached a limit up [2][10]. - Investors expressed dissatisfaction with the exchange ratio and pricing, feeling that it did not meet their expectations, particularly given Zhongke Shuguang's higher asset values [7][9]. Group 3: Cash Option for Dissenting Shareholders - Dissenting shareholders of Zhongke Shuguang have the option to cash out at a price of 61.90 CNY per share, which is lower than the exchange price, indicating a strategic move to limit cash outflow [9][10]. - The cash option is typically expected to be higher than the exchange price, but in this case, the exchange price is set higher to encourage shareholders to opt for shares instead [9]. Group 4: Strategic Implications - The merger aims to integrate resources from both companies, focusing on high-end chip design and computing solutions, thereby enhancing their competitive edge in the AI and computing sectors [10][11]. - The merger is seen as a response to the investment gap in the domestic chip industry, with the combined entity expected to leverage its strengths in the AI and computing markets [11].

投资者在业绩说明会上提问称，海光信息与中科曙光为何在此时筹划换股吸收合并？ 【导读】海光信息、中科曙光召开业绩说明会，回应换股吸收合并事项 中科曙光董事、总裁历军表示，当前我国以AI为代表的信息产业发展，正处于机遇与挑战并存的复杂 局面。考虑到目前资本市场相关政策和发展需要，海光信息与中科曙光拟通过换股方式，实现整体吸收 合并。 5月26日下午，海光信息、中科曙光均召开了2025年第一季度业绩说明会（以下简称业绩说明会），但 投资者的关注重点均是两者筹划的换股吸收合并事项。 5月25日晚间，海光信息、中科曙光均公告称，海光信息拟向中科曙光全体A股换股股东发行A股股票， 从而换股吸收合并中科曙光，并发行A股股票募集配套资金，预计构成重大资产重组。 海光信息董事、总经理沙超群在业绩说明会上表示，本次交易有助于两家企业的资源叠加整合，也是我 国算力产业"补短板、锻长板"的有益尝试。 促进信息产业龙头企业发展 同时，投资者关注本次交易对两家公司主业的影响，以及对两家公司所处行业的影响。 沙超群表示，海光信息与中科曙光通过本次交易，将优化从芯片到软件、系统的产业布局，汇聚信息产 业链上下游的优质资源，全面发挥龙头企业的 ...