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Here are the key messages:Please note that the reorganization process is influenced by many factors, such as market environment, policy orientation and enterprise strategic decision-making, and the specific results are still uncertain.National policies support the development of semiconductor industry and encourage enterprise restructuring.

Advantages and complementarities of both sidesWanrun technology has advantages in technology research and development and product innovation.

Here are the key messages:The capital market has a high expectation of restructuring 2.