Chinese supercomputer maker Sugon and chip designer Hygon Information Technology have announced a merger plan, marking the latest consolidation in the country’s high-performance computing sector amid US export restrictions.
Under the proposed deal, Hygon will absorb Sugon shares through a stock swap agreement and issue new mainland China-listed shares to Sugon’s shareholders, according to their stock exchange filings on Sunday.
To avoid fluctuations in share prices from the deal, both companies’…
Source : South China Morning Post
Read more…Sugon, Hygon merger is latest sign of consolidation in China’s computing sector















