Recently, SMIC, Huahong, and CCW have successively launched mergers, acquisitions and restructuring transactions, and adopted three different merger and acquisition integration strategies. Among them, Huahong plans to issue shares to acquire 97.5% of the “brother company” Hualiwei; China Micro 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. Since the release of the “Eight Rules of the Science and Technology Innovation Board”, the Science and Technology Innovation Board company has 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.

Recently, SMIC, Huahong, and CCW have successively launched mergers, acquisitions and restructuring transactions, and adopted three different merger and acquisition integration strategies. Among them, Huahong plans to issue shares to acquire 97.5% of the “brother company” Hualiwei; China Micro 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. Since the release of the “Eight Rules of the Science and Technology Innovation Board”, the Science and Technology Innovation Board company has 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.