Core Viewpoint - Company is focusing on the development and industrialization of Wi-Fi 7 router chips, emphasizing the necessity of this investment despite the early stage of the Wi-Fi 7 market [1][2]. Group 1: Investment Projects - The fundraising project includes Wi-Fi 7 router chip R&D, Wi-Fi 7 smart terminal chip R&D, the construction of a Shanghai R&D center, and supplementary working capital [2]. - Wi-Fi 7 is expected to support throughput of up to 30 Gbps, approximately three times that of Wi-Fi 6, highlighting the performance improvements [2][3]. Group 2: Competitive Landscape - Competitors like MediaTek have already established a relatively mature layout in Wi-Fi 7 technology, prompting the company to accelerate its own development to close the gap [2][3]. Group 3: R&D Challenges - The company acknowledges potential R&D challenges, such as increased signal processing requirements and design complexity due to the upgrade of maximum channel width from 160 MHz to 320 MHz [3]. - The support for multi-link operation (MLO) necessitates stronger chip coordination capabilities, adding to the design complexity [3]. Group 4: Market Application - Currently, Wi-Fi 7 is primarily applied in high-end devices, but it is expected to become more widespread from 2026 to 2027, potentially becoming the main Wi-Fi application by 2030 [3]. Group 5: Real Estate Investment - The company plans to allocate 598 million yuan for real estate acquisition, specifically for a new R&D building in Shanghai, which will cover an area of 13,000 square meters [4]. - The current average R&D area per employee is 17.67 square meters, which is below the level of comparable companies, necessitating the new facility to support ongoing and future projects [5]. Group 6: Future Workforce and Space - After the completion of the new R&D center, the average R&D area per employee is projected to increase to 25.36 square meters, aligning with industry standards [5].
Wi-Fi 7未熟先火?乐鑫科技欲携近18亿元募资入场:竞争对手联发科已有成熟布局