回车键 | 芯片企业的拂晓时刻要来了吗？

Group 1 - The capital market is expected to see a surge of Chinese semiconductor companies, with at least 48 firms currently pursuing IPOs across the entire industry chain, including design, materials, equipment, and packaging [1] - Among the 48 semiconductor companies, 21 are aiming for A-share IPOs, 17 have initiated listing guidance, and 10 have submitted applications to the Hong Kong Stock Exchange [1] - The need for funding is evident, as companies like Cambricon have invested approximately 5.4 billion yuan in R&D from 2016 to 2024, with 1.216 billion yuan allocated in 2024 alone, exceeding their revenue for that year [1] Group 2 - The total fundraising amount planned by the 48 companies is estimated to reach 46.5 billion yuan, with Huike Co., Ltd. leading at 8.5 billion yuan, followed by Moer Thread at 8 billion yuan [2] - The top five companies account for 63% of the total fundraising amount, with the remaining 43 companies each planning to raise less than 2.5 billion yuan [2] - Companies like Moer Thread, Zhaoxin Integrated, and Muxi Co., Ltd. focus on high-end processors, indicating a market preference for computing power in the near future [2]