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On July 1, Puyuan Semiconductor witnessed a remarkable surge in its stock price, which soared by 13.49%, ultimately closing at RMB 870.00. This notable upswing in the stock price was primarily triggered by the company's official announcement regarding its plan to acquire a 31% stake in Zhuhai Noah Changtian, with a transaction value of RMB 144 million. Once the deal is finalized, Puyuan Semiconductor's shareholding in Zhuhai Noah Changtian will rise to 51%, granting it a controlling interest. This strategic move will also enable the company to indirectly assume control over the memory enterprise SHM, thereby facilitating a further expansion of its product range. Concurrently, the company also drew attention to the potential risks associated with the acquisition and the industry at large.
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