According to the Shanghai Securities Report, recently, the mergers, acquisitions and restructuring of the three leading semiconductor companies ushered in key developments, causing the market to once again focus its attention on the Science and Technology Innovation Board, a “hot spot” for mergers and acquisitions. Specifically, Huahong announced a draft transaction to issue shares to acquire 97.5% of Hualiwei's shares; China and Micro disclosed plans to issue shares and pay cash to purchase 64.69% of Hangzhou Zhongsilicon's shares; and SMIC announced a draft transaction to acquire 49% of the shares of the holding subsidiary SMIC North. According to statistics, since the release of the “Eight Rules of the Science and Technology Innovation Board”, science and technology innovation board companies have disclosed a total of nearly 170 share acquisition transactions, with more than 100 orders for the whole of 2025, with remarkable policy effects. Among them, there were 50 major asset restructuring orders, and 37 orders in 2025, far exceeding the cumulative total of 17 orders from 2019 to 2023. Industry insiders believe that all stock acquisition transactions on the Science and Technology Innovation Board revolve around industrial integration. With leading companies in the industry going public one after another, the capital market is becoming the main channel for mergers, acquisitions and restructuring. Leading companies actively seize policy opportunities and market windows, complete key links in the industrial chain through mergers and acquisitions, and continue to enhance the core competitiveness of listed companies.

According to the Shanghai Securities Report, recently, the mergers, acquisitions and restructuring of the three leading semiconductor companies ushered in key developments, causing the market to once again focus its attention on the Science and Technology Innovation Board, a “hot spot” for mergers and acquisitions. Specifically, Huahong announced a draft transaction to issue shares to acquire 97.5% of Hualiwei's shares; China and Micro disclosed plans to issue shares and pay cash to purchase 64.69% of Hangzhou Zhongsilicon's shares; and SMIC announced a draft transaction to acquire 49% of the shares of the holding subsidiary SMIC North. According to statistics, since the release of the “Eight Rules of the Science and Technology Innovation Board”, science and technology innovation board companies have disclosed a total of nearly 170 share acquisition transactions, with more than 100 orders for the whole of 2025, with remarkable policy effects. Among them, there were 50 major asset restructuring orders, and 37 orders in 2025, far exceeding the cumulative total of 17 orders from 2019 to 2023. Industry insiders believe that all stock acquisition transactions on the Science and Technology Innovation Board revolve around industrial integration. With leading companies in the industry going public one after another, the capital market is becoming the main channel for mergers, acquisitions and restructuring. Leading companies actively seize policy opportunities and market windows, complete key links in the industrial chain through mergers and acquisitions, and continue to enhance the core competitiveness of listed companies.