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2023.02.03News

Lu Semiconductor's capital chain is tight and will set off a merger

Since 2022, the mainland semiconductor industry has entered a downward cycle, and the capital market has also cooled down simultaneously. Experts said that the semiconductor industry is currently in a destocking cycle, coupled with the increasing difficulty for most semiconductor manufacturers to obtain financing, some manufacturers have begun to actively seek acquisition buyers. It is expected that this year the mainland semiconductor industry will set off a wave of consolidation.
Jiwei.com reported that since 2022, the semiconductor industry has gradually entered a downward cycle, not only facing the pressure of inventory reduction, but also the heat of the capital market has begun to cool down. On the other hand, mainland officials will vigorously crack down on corruption in the semiconductor industry in 2022. Many executives of the "big fund" with huge funds have been sacked one after another. Integral and trendy.
From the perspective of the global market, many countries in the world have recently launched local semiconductor industry support plans, including the United States, Japan, South Korea, the European Union, India and other countries that have successively announced incentive plans and support policies. appear. This not only increases the review of cross-border mergers and acquisitions, but also strengthens the control of mergers and acquisitions of A-share listed companies by the regulatory authorities.
According to preliminary statistics from Lu Media, in 2022, there will be a total of 30 A-share acquisitions involving semiconductor companies, but 8 acquisitions ended in failure. The targets in the third-generation semiconductor and semiconductor equipment fields are more popular. Experts said that the semiconductor industry is a technology-intensive industry. If you have not set foot in this field before, the businesses of both parties lack synergy, and it is not easy to transform through acquisitions.
Industry insiders said that the semiconductor industry is currently in a destocking cycle, coupled with the significant cooling of the capital market, the operating conditions of semiconductor manufacturers at a competitive disadvantage are further deteriorating, and some semiconductor companies are already actively seeking acquisition buyers.

 
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