Overseas media reported that China's supercomputer manufacturer Sugon and chip design company Hygon Information Technology announced a merger plan, marking the latest integration in China's high-performance computing sector under U.S. export restrictions.
According to the proposal, Hygon will absorb Sugon's shares through a stock-for-stock agreement and issue new mainland-listed shares to Sugon shareholders. To avoid fluctuations in stock prices, both parties' Shanghai-listed stocks will be suspended from trading starting Monday, for up to 10 trading days. This merger signifies the consolidation of two leading enterprises in China's computing supply chain. Hygon was founded in 2014 and focuses on designing central processing units (CPUs) and deep computing unit acceleration cards specifically designed for artificial intelligence (AI) and deep learning. Hygon is considered an important participant in China's efforts to achieve semiconductor self-sufficiency.
Analysts believe that its products may become substitutes for Nvidia AI chips subject to U.S. export restrictions, promoting China's independent development in high-performance computing and AI fields.
Original source: https://www.toutiao.com/article/1833252281591815/
Disclaimer: The article represents only the views of the author.