不到3折卖掉公司,控股方“自掏腰包”补偿VC

投中网
Oct 17, 2025

2023年初,我们在调研半导体投资时,一位投资人就向我们分析,2018年后芯片投资潮催生的高估值,必然会在未来两年被纠偏。这句话在今年半导体并购潮中得到应验。今年以来,上市公司并购半导体创业项目已经蔚然成风。投中嘉川统计2025年1月1日至今,A股已经披露90笔相关交易。虽然不少并未披露收购价格,但是在有限的案例里,还是能够窥见打折出售的趋势。比如最新的一笔,芯原股份收购逐点半导体就是如此。逐点...

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