A-share semiconductor sector fell out of the “golden pit”, and semiconductor companies could not help but increase their holdings of peer stocks.
On May 22, Will Semiconductor Co.Ltd.Shanghai(603501) disclosed that Shaoxing Weihao enterprise management consulting partnership (limited partnership) (hereinafter referred to as “Shaoxing Weihao”), a wholly-owned enterprise of the company, plans to increase its holdings of Ingenic Semiconductor Co.Ltd(300223) shares by means of centralized bidding or block trading for no more than 4 billion yuan, and after the increase, it holds no more than 50 million Ingenic Semiconductor Co.Ltd(300223) shares, no more than 10.38% of its total share capital.
previously invested more than 2 billion yuan
The reporter noted that Will Semiconductor Co.Ltd.Shanghai(603501) had spent more than 2 billion yuan to increase its holdings of Ingenic Semiconductor Co.Ltd(300223) shares.
3 Qiming Information Technology Co.Ltd(002232) 021 disclosed the fixed increase report on November 12, 2021. The company issued 12592500 shares to UBS AG, Shaoxing Weihao and LV Dalong at the price of 103.77 yuan / share (locking period of 6 months), raising 1.307 billion yuan. Among them, Shaoxing Weihao was allocated 5.3002 million shares, with a placement amount of 550 million yuan.
Since then, Will Semiconductor Co.Ltd.Shanghai(603501) has increased its holdings of Ingenic Semiconductor Co.Ltd(300223) . From March 24 to May 19, 2022, it purchased 3 Allwin Telecommunication Co.Ltd(002231) 8604904 shares through centralized bidding, and paid a total price of 1.518 billion yuan.
As of May 20, Will Semiconductor Co.Ltd.Shanghai(603501) held Ingenic Semiconductor Co.Ltd(300223) 23905087 shares, accounting for 4.96% of Ingenic Semiconductor Co.Ltd(300223) total share capital, and paid 2.068 billion yuan for equity acquisition.
cooperate and collude in the automotive electronics market
If Will Semiconductor Co.Ltd.Shanghai(603501) completes the 4 billion yuan increase in Ingenic Semiconductor Co.Ltd(300223) , it means that it will spend more than 6 billion yuan on Ingenic Semiconductor Co.Ltd(300223) equity.
Such a big “confession” Ingenic Semiconductor Co.Ltd(300223) , Will Semiconductor Co.Ltd.Shanghai(603501) what is the picture?
In this regard, Will Semiconductor Co.Ltd.Shanghai(603501) said that under the background of the continuous growth of the global semiconductor industry, especially China’s semiconductor industry, the fluctuation of the capital market brings industrial investment opportunities, and the company is optimistic about the market development prospect of Ingenic Semiconductor Co.Ltd(300223) main business in the medium and long term. This transaction will help the company strengthen strategic cooperation with Ingenic Semiconductor Co.Ltd(300223) in business. At the same time, the company is expected to obtain certain investment income through investment in Ingenic Semiconductor Co.Ltd(300223) and help to improve the embedded value of the company’s assets and long-term investment benefits.
For Will Semiconductor Co.Ltd.Shanghai(603501) increasing its shareholding in Ingenic Semiconductor Co.Ltd(300223) , insiders believe that in the medium and long term, Ingenic Semiconductor Co.Ltd(300223) enters the performance growth release period after the acquisition of core semiconductor (ISSI), which has good investment value. But more importantly, the synergy of Will Semiconductor Co.Ltd.Shanghai(603501) and Ingenic Semiconductor Co.Ltd(300223) in their respective advantageous resources and multiple product lines: Ingenic Semiconductor Co.Ltd(300223) memory chip and Will Semiconductor Co.Ltd.Shanghai(603501) image sensor can cooperate to expand market share in the vehicle market; The analog chips of both sides can jointly explore high-end markets such as consumer electronics, vehicle and industry.
The reporter noted that Ingenic Semiconductor Co.Ltd(300223) currently has four main product lines: microprocessor chip, intelligent video chip, memory chip (SRAM, DRAM, flash), analog and interconnect chip (LED driver chip, touch sensor chip, DC / DC chip, vehicle microprocessor chip, Lin, can, g.vn and other network transmission chips), mainly for automobile, industry, communication, medical treatment and high-end consumer markets. In particular, Ingenic Semiconductor Co.Ltd(300223) has become a leader in China’s automotive electronics field after acquiring core semiconductor (ISSI).
Looking at Will Semiconductor Co.Ltd.Shanghai(603501) , as a leading enterprise of image sensor (CIS), Will Semiconductor Co.Ltd.Shanghai(603501) has formed three core business systems: image sensor solution, touch and display solution and simulation solution (power management chip, RF front-end, etc.), with in-depth layout in vehicle, industry, security, medical treatment and consumption fields. For a long time, the company’s car cameras are mainly used for European and American automobile brands. In the future, the company will strengthen the development of the Asia Pacific market and improve the penetration of the company’s products in the Asia Pacific market.
Will Semiconductor Co.Ltd.Shanghai(603501) emphasized that the company and Ingenic Semiconductor Co.Ltd(300223) will deepen cooperation in the vehicle electronic market, realize resource complementarity in the customer’s product scheme and future technical direction, and help the company continue to expand market share in the vehicle electronic market. In the field of simulation products, the company is expected to achieve common growth through cooperation and exchange with Ingenic Semiconductor Co.Ltd(300223) in the field of segmented technology and market.
The reporter noted that as early as 2020, Will Semiconductor Co.Ltd.Shanghai(603501) and Ingenic Semiconductor Co.Ltd(300223) had launched business cooperation.
According to tianyancha, Shanghai Xinkai integrated circuit Co., Ltd. was established in October 2020, with shareholders Ingenic Semiconductor Co.Ltd(300223) , Will Semiconductor Co.Ltd.Shanghai(603501) , and Shanghai Xiangrui management consulting partnership (limited partnership) holding 51%, 39% and 10% respectively.
