Haitong Securities: Semiconductor industry listed companies will actively engage in mergers and acquisitions and reorganizations

Golden Ten Data on December 5, Haitong Securities Research Report believes that in the context of the current slowdown in the pace of IPOs, mergers and acquisitions provide new listing channels for technology companies, and this trend is worth following investors. Affected by the phased tightening of the IPO market, some pre-IPO companies are considering turning to the M&A track, so that the activity of the M&A and restructuring market will rise. In the context of the slowdown in the pace of IPOs on the Science and Technology Innovation Board, mergers and acquisitions have provided a reasonable exit channel for some primary market investors, while high-quality semiconductor companies will achieve rapid listing through mergers and acquisitions, so as to integrate industrial chain resources and enhance market competitiveness. In September 2024, after the release of the "Six Mergers and Acquisitions", the semiconductor index significantly outperformed the market, and the research report believes that listed companies in the semiconductor industry will actively carry out mergers and acquisitions to strengthen the synergy of the industrial chain and the rapid growth of platform-based enterprises, and the heating up of the M&A market will also stimulate the enthusiasm for secondary market investment in the semiconductor industry.