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 Insights - The article highlights the significance of radio frequency (RF) chips in wireless communication, emphasizing that a substantial portion of the market is dominated by foreign manufacturers, with approximately 80% market share held by companies like Broadcom, Qualcomm, and Skyworks [2][3]. Company Overview - Angrui Microelectronics, established in 2012, is a key player in the RF chip sector, focusing on RF front-end and wireless communication technologies, and is recognized as a national-level "little giant" enterprise [2]. - The company is set to launch its IPO on the Sci-Tech Innovation Board, with plans to raise 2.067 billion yuan to enhance its R&D capabilities and production capacity in the RF chip market [3][4]. Product Development - Angrui Microelectronics has made significant technological advancements, particularly with its high-integration 5G L-PAMiD products, which have achieved international standards and are now in mass production for major smartphone brands [3]. - The company’s product line includes a full range of RF front-end chips for various mobile communication standards (2G to 5G) and RF SoC chips for IoT applications, indicating a comprehensive approach to market needs [2][5]. Market Strategy - The company has adopted a "dual-wheel drive" strategy, focusing on both 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 in the first half of 2025 [5]. - Angrui Microelectronics is actively expanding into professional markets such as smart retail, healthcare, and smart logistics, reflecting a strategic shift to diversify its market presence [6]. Industry Trends - 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%, indicating a favorable environment for domestic companies like Angrui Microelectronics to increase their market share [6]. - The trend of "domestic substitution" is accelerating, with local firms leveraging technological innovations to break international monopolies, particularly in high-end products like LPAMiD modules and filters [6].