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Hygon and Sugon call off their planned merger, citing changed market conditions
Hygon and server maker Sugon, its largest shareholder, ended a merger announced in May 2025, citing changed market conditions and shifting views among some stakeholders. Both promised closer cooperation instead, with Hygon drawing on Sugon's supernode clusters and scientific model platforms. Hygon said it would keep CUDA-style compatibility as Nvidia H200 sales to China resumed.
- Merger announced May 2025, terminated December 2025.
- Sugon is Hygon's largest shareholder.
- Hygon will use Sugon's supernode systems and cluster know-how.
- Hygon called H200 imports a higher-cost option with uncertain uptake.