The "Dual Wheel Drive" Technology Global Strategy of Zhongying has encountered setbacks, leading to the failure of a 1 billion-level acquisition of a leading company in brushless Electric Machine | Quick announcement.
① Zhongying Technology has terminated the acquisition of Botemon Electric Machine because the parties involved could not reach an agreement on the final plan; ② Botemon holds a 30% market share in the New energy Fund brushless electric machine sector, and Zhongying Technology had hoped to achieve a dual drive of "New Materials + Thermal Management" through the acquisition; ③ Zhongying Technology has MMF of 0.122 billion yuan on its books, and to complete this acquisition at the level of 1 billion, it may require a large amount of bank loans and other external financing.
Hua Hong Group has a new leader! Qin Jian, Chairman of Shanghai United Investment, takes over and will promote the "integrated" Global Strategy layout of Dahua Hong.
① Today, the Shanghai Municipal People's Government issued a notice indicating the removal of Zhang Suxin from the position of Director of HUA HONG GROUP, and Qin Jian, Chairman of Shanghai Lianhe Investment, will take over; ② Zhang Suxin is 60 years old and during her 8 years at HUA HONG GROUP, the 12-inch production line of HUA HONG SEMI was established and listed on the Star, with the number of employees in the group exceeding ten thousand.
Semiconductors are soaring across the board! Semiconductor Manufacturing International Corporation rises over 10% as the Industry welcomes a "dual drive of investment and application."
① The semiconductor sector in the A-shares and Hong Kong stocks surged collectively, with Espressif Systems, Starry Technology, Peak Technology, Cambricon, and SFTP seeing their stock prices reach historic highs during trading. ② Cambricon has become the second highest stock in the A-shares market, with a year-to-date increase of over 388%, exceeding NVIDIA and Broadcom. ③ SEMI recently pointed out that investments in mainland China related to AI are beyond expectations.
Express News | Hong Kong stocks in the semiconductor sector rose in early trading, with Semiconductor Manufacturing International Corporation up more than 4%, HUA HONG SEMI and SHANGHAI FUDAN both rising over 2%.
GeKaoMicro: The new 1.0-micron 50 million pixel product will be mass-produced next year, with AMOLED products being first applied to wearable devices | Directly covering the Earnings Conference.
① The Ge Micro CMOS image Sensors product range has expanded from 2 million to 8 million pixels to 32 million to 50 million high pixels; the display driver chip has expanded from LCD DDI to TDDI; ② The company's Director Zhao Lixin stated that AMOLED products will first be applied in the field of wearable devices, with the 1.0 micron 50 million pixel image sensor products expected to be mass-produced next year.
Express News | Hong Kong stocks in the semiconductor sector rose collectively, with HG SEMI up more than 9%, Semiconductor Manufacturing International Corporation, HUA HONG SEMI, and SHANGHAI FUDAN each up over 2%.