昂瑞微：国产高端射频芯片“破晓者” 以双轮驱动打响份额“攻坚战”

Core Viewpoint - The news highlights the upcoming IPO of Beijing Angrui Microelectronics Co., Ltd., a key player in the domestic RF chip market, aiming to break the international technology monopoly in the RF chip sector, particularly in 5G applications [1][2]. Company Overview - Angrui Micro was established in 2012 and focuses on RF front-end and wireless communication, recognized as a national-level "little giant" enterprise [2]. - The company has developed a range of RF chips for various communication standards, including 5G, 4G, 3G, and 2G, as well as RF SoC chips for IoT applications [2]. Market Context - The RF chip market is heavily dominated by foreign companies, with approximately 80% market share held by firms like Broadcom, Skyworks, and Qualcomm, while Chinese manufacturers hold only about 20% [2]. - The market share of Chinese firms decreases as they move towards high-end products, with less than 10% in the high-end 5G module market [2]. Technological Advancements - Angrui Micro has made significant technological breakthroughs, particularly with its high-integration 5G L-PAMiD products, which have reached international advanced and domestic leading levels [3]. - The company has successfully achieved large-scale production of its 5G L-PAMiD products for major smartphone brands since 2022 [3]. IPO and Funding - Angrui Micro plans to raise 2.067 billion yuan through its IPO to invest in R&D and industrial upgrades for 5G RF front-end chips and SoC chips, as well as the construction of its headquarters and R&D center [3][4]. Strategic Development - The company has established a "dual-wheel drive" strategy focusing on RF front-end chips and RF SoC chips, with RF front-end chip revenue reaching 687 million yuan, accounting for 81.47% of total revenue [5]. - Angrui Micro is expanding its market presence by targeting both consumer electronics and professional markets, leveraging its product synergies [5][6]. Market Growth Potential - The global RF front-end market is projected to grow from $25.5 billion in 2024 to $30.8 billion by 2030, with a compound annual growth rate of 3.2% [6]. - The trend of "domestic substitution" is accelerating, with local companies like Angrui Micro breaking international monopolies through technological innovation [6].