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In the evening of June 9, Hygon and Sugon jointly announced an ambitious share swap absorption and merger plan. Under this arrangement, Hygon intends to absorb and merge Sugon at a ratio of 0.5525:1, while also issuing shares to specific investors to secure additional funding. Both companies' stocks resumed trading the following day. This merger is regarded as a pivotal consolidation within the computing power industry, with the market expressing optimism about the strong synergy between the two entities and their anticipated post-reorganization performance. Post-merger, Hygon will pivot its core business around chips, fortify its collaboration in system design, and enhance research and development of complete machines. This strategic move aims to propel technological innovation and market adoption.
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