International Electronic Business Reported on the 29th

On the evening of August 28, Xinyuan Semiconductor issued an announcement stating that due to its plan to issue shares and pay cash to acquire equity in Core-V Smart, as well as raise supporting funds, the company’s stock will suspend trading starting from August 29, 2025, with the suspension expected to last no more than 10 trading days.

According to the announcement, Xinyuan Semiconductor currently holds a 2.99% equity stake in Core-V Smart and is considering acquiring all or a controlling stake in Core-V Smart. Xinyuan Semiconductor has signed the Equity Acquisition Intent Agreement with the major shareholders of the target company, including Hu Zhenbo, Core-V Co-creation (Shanghai) Management Consulting Center (Limited Partnership), and Core-V Joint Creation (Shanghai) Management Consulting Center (Limited Partnership). However, the target company’s valuation, transaction amount, and other details have not yet been determined; whether the transaction constitutes a material asset reorganization or connected transaction remains unclear. The transaction will not lead to a change in the company’s actual controller and does not constitute a restructuring and listing.

According to the company’s official website, Core-V Technology was founded in 2018, with Hu Zhenbo as its legal representative and a registered capital of 5.011623 million yuan. The company has long focused on the R&D of RISC-V CPU IP and corresponding platform solutions, and is a representative enterprise in China’s RISC-V sector. Starting from scratch, Core-V Technology has adhered to independent R&D and built four general-purpose CPU IP product lines (N/U, NX/UX) and three dedicated CPU IP product lines (NS, NA, NI). Among them:

N/U (supports SV32 MMU) is a 32-bit architecture, mainly used in edge computing, low-power consumption, and IoT scenarios;
NX/UX (supports SV39 and SV48 MMU) is a 64-bit architecture, mainly used in high-performance application scenarios such as data centers, cybersecurity, and storage;
NS (Security) is for high-security scenarios such as payments;
NA (Automotive) is for functional safety automotive electronics scenarios;
NI (Intelligence) is for high-performance computing (HPC) scenarios such as AI.

At present, over 300 official authorized customers at home and abroad have used Core-V Technology’s RISC-V CPU IP, covering multiple fields including AI, automotive electronics, 5G communications, cybersecurity, storage, industrial control, MCU, and IoT.

In the industry’s view, if this acquisition transaction can be successfully implemented, Xinyuan Semiconductor will form full-stack IP capabilities after complementing its CPU IP.

Xinyuan Semiconductor is one of the most important promoters of the development of China’s RISC-V ecosystem. As early as September 2018, recommended by the Shanghai Integrated Circuit Industry Association, Xinyuan Semiconductor served as the first chairman unit and took the lead in establishing the China RISC-V Industry Consortium (CRVIC). As of the end of June 2025, the number of member units has reached 204. In 2024, Xinyuan Semiconductor, together with the Damo Academy and Core-V Technology, jointly initiated the establishment of the Shanghai Open Processor Industry Innovation Center (SOPIC) — a non-profit private enterprise focused on promoting the R&D, ecosystem development, and industrial application of processor technologies, especially those based on open instruction set architectures (such as RISC-V).

In the first half of 2025, Xinyuan Semiconductor actively explored the RISC-V market. Leveraging the technical empowerment capabilities of its semiconductor IP and chip customization platform, it continued to enhance its position and value in related fields, while actively promoting the development of the RISC-V industrial ecosystem.

In its 2025 H1 financial report, Xinyuan Semiconductor stated that the emergence of RISC-V has promoted the development of open-source hardware. Currently, a large number of integrated circuit design companies worldwide have adopted RISC-V in their chips, including Western Digital, NVIDIA, Intel, GigaDevice, Allwinner Technology, and others.

In the first half of 2025, Xinyuan Semiconductor’s operating revenue reached 974 million yuan, a year-on-year increase of 4.49%; its net profit attributable to shareholders of the parent company was -320 million yuan, compared with -285 million yuan in the first half of 2024. As of the closing on August 28, Xinyuan Semiconductor’s stock price was 153 yuan per share, with an increase of 6.99%, and its total market capitalization stood at 80.43 billion yuan.