According to preliminary statistics, since the beginning of this year, cases of A-share companies acquiring semiconductor assets have been emerging continuously. As of December 1, around 40 companies in the industry chain and related sectors have disclosed significant restructuring events or progress. Regarding the reasons behind this semiconductor industry merger wave, Yuan Shuai, deputy secretary-general of the Beijing Centergate Technologies Internet of Things Industry Alliance, analyzed to the Securities Times that it results from multiple factors acting together. On the policy level, the successive release of new policies such as the "Nine National Policies," "Eight Policies for the Star Board," and "Six Merger Policies" has provided strong support for mergers and acquisitions in the semiconductor industry. These policies not only optimize the market environment for mergers and restructurings but also improve the efficiency and success rate of mergers, reduce the costs of corporate acquisitions, and help strengthen and supplement the semiconductor industry chain and enhance its scale and strength. In terms of the industry cycle, the semiconductor industry is undergoing rapid development and transformation, with increasingly fierce market competition. Companies can acquire advanced technology and talent through mergers to enhance their competitiveness. At the same time, some semiconductor symbols experienced valuation adjustments earlier, which has also accelerated the choice of mature platform enterprises to achieve further development through mergers and acquisitions. (Securities Times)