Espressif Systems(SH:688018) Zheng Quan Ri Bao·2025-06-13 08:42Core Viewpoint - The company plans to raise up to 1.778 billion yuan through a private placement to fund the development and industrialization of Wi-Fi 7 router chips, smart terminal chips, AI edge chips based on RISC-V architecture, and the construction of a research and development center in Shanghai [2][3]. Group 1: Funding Allocation - The raised funds will be allocated to Wi-Fi 7 router chip and smart terminal chip development projects, focusing on enhancing product performance and expanding product synergy to improve competitive strength [2]. - The company aims to leverage the growing market for Wi-Fi 7 technology, with commercial deployment expected between 2026 and 2027, driven by demands for 8K/VR transmission and low-latency industrial IoT [3]. Group 2: R&D Focus - The RISC-V self-developed IP AI edge chip project is another key focus, aiming to enhance algorithm processing capabilities and energy efficiency in AI chip products [3]. - The company plans to use 598 million yuan for the construction of a new R&D center in Shanghai, with a significant portion allocated for purchasing a new R&D building to expand its research and office space [4]. Group 3: Competitive Positioning - The strategic investment in Wi-Fi 7 and AI chips reflects the company's intent to capture future technological leadership amid global upgrades in communication and smart hardware industries [4]. - By increasing R&D space and personnel, the company aims to align its R&D capacity with industry standards, enhancing its competitiveness in the global IoT chip market [4].