Recent terminations of China semiconductor mergers due to market volatility
Recent market volatility has caused several major semiconductor mergers in China to collapse, with fluctuating valuations and shifting investor sentiment making complex transactions harder to execute. High-profile deals—including the RMB 115.97 billion Hygon–Sugon merger and acquisitions involving 3Peak and VeriSilicon—were terminated as conditions changed and risks expanded. The wave of cancellations highlights how valuation swings, regulatory scrutiny, and deal-structure complexities are reshaping M&A feasibility in China’s semiconductor sector.





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