本周2只新股申购，又一国产GPU龙头来了

New IPOs This Week - Two new stocks are scheduled for subscription this week: Beijing Angrui Microelectronics Technology Co., Ltd. (stock code: 688790) and Muxi Integrated Circuit (Shanghai) Co., Ltd. (stock code: 688802) [1][3] - Muxi is recognized as the "second domestic GPU stock" following Moore Threads, focusing on the development of full-stack GPU products for AI training, inference, general computing, and graphics rendering [1][6] Company Profiles Angrui Microelectronics - Angrui Microelectronics specializes in RF and analog integrated circuit design, with a focus on RF front-end chips and SoC chips [4] - The company has received investment support from major players like Xiaomi and Huawei, positioning itself as a leading domestic RF front-end chip manufacturer [4][5] - Angrui's product line covers all series of RF front-end chips for 5G/4G/3G/2G, achieving competitive performance in high-end markets [5] Muxi Integrated Circuit - Muxi focuses on the research and development of high-performance GPU chips and computing platforms, with products designed for AI training, inference, and graphics rendering [6][7] - The company has established a clear product matrix, with its main product line "Xiyun C series" achieving significant performance benchmarks against international competitors [7] - Muxi's revenue has shown explosive growth, increasing from 426,400 yuan in 2022 to 743 million yuan in 2024, reflecting a compound annual growth rate of 4074.52% [7] Market Context - The RF front-end chip market in China is currently dominated by foreign manufacturers, with domestic companies holding approximately 20% market share, and less than 10% in high-end markets [4][5] - Muxi's advancements in GPU technology aim to fill the gap in the domestic high-end GPU market, which has been largely unaddressed [7]