Sugon, Its Suppliers Hit by US Sanctions, to Merge with Hygon

Sugon, its suppliers hit by US sanctions, to merge with Hygon

Sugon, also known as Dawning Information, a state-owned computing server maker in China, will be acquired by its subsidiary Hygon Information Technology to deal with the inability of its suppliers to source US chips due to sanctions.  Hygon, a Shanghai-listed fabless chipmaker, has a market cap of 316 billion yuan (US$44 billion) while Sugon has a […] The post Sugon, its suppliers hit by US sanctions, to merge with Hygon appeared first on Asia T…

China to boost chip-to-server ecosystem with the merger of Hygon and Sugon

Chinese server maker Dawning Information Industry (Sugon) and chip designer Hygon Information Technology have announced a strategic merger, a move that could strengthen China’s chip-to-server ecosystem amid tightening US export controls. The deal consolidates two critical players in China’s high-performance computing (HPC) ecosystem and marks one of the largest such deals in the country’s tech sector to date. Sugon focuses on server manufacturin…

Chinese state-backed company Hygon, which makes server CPUs, and server maker Sugon agree to merge; Hygon has a ~$43.9B market cap, while Sugon's is ~$12.6B

Wataru Suzuki / Nikkei Asia: Chinese state-backed company Hygon, which makes server CPUs, and server maker Sugon agree to merge; Hygon has a ~$43.9B market cap, while Sugon's is ~$12.6B  —  SHANGHAI — Chinese state-backed chipmaker Hygon Information Technology and server producer Dawning Information Industry …

China’s Hygon and Sugon merge to form a vertically integrated supercomputing giant as they fend off US sanctions

A highly impactful vertically integrated supercomputing giant may have just been born in China.