15天超20起，集成电路领域迎来“IPO狂飙期”

Group 1 - The integrated circuit industry is experiencing a surge in IPO activities, with over 20 companies advancing their listing processes in just half a month, covering various segments such as IC design, semiconductor equipment, and materials [1] - Notable companies include Moer Technology, which became the first domestic GPU company to list on the STAR Market, and Wallen Technology, which has received approval for overseas listing [1][7] - The IPO activities reflect a strong alignment between capital and industry, indicating a rapid integration of domestic integrated circuit companies with the capital market [1] Group 2 - Angrui Microelectronics officially listed on the STAR Market on December 16, 2025, with an issuance of 24.88 million shares at a price of 83.06 yuan per share, raising approximately 2.067 billion yuan for key projects [3][4] - The funds will be allocated to three main projects: R&D and industrialization of 5G RF front-end chips (10.96 billion yuan), RF SoC development (4.08 billion yuan), and the construction of a headquarters and R&D center (5.63 billion yuan) [4][6] - Angrui Microelectronics focuses on RF front-end chips and SoC chips, with projected revenue growth from 922 million yuan in 2022 to 2.101 billion yuan in 2024, reflecting a compound annual growth rate of over 50% [6] Group 3 - Wallen Technology is preparing for an overseas listing, aiming to issue up to 372.46 million shares, which would make it the first GPU company listed in Hong Kong [7][9] - The company specializes in high-performance general-purpose GPUs and has completed multiple rounds of financing, achieving a valuation of 14 billion yuan before its Hong Kong listing [10] Group 4 - Muxi Technology is set to list on the STAR Market on December 17, 2025, with an issuance of 40.1 million shares at a price of 104.66 yuan per share, targeting a total fundraising of approximately 4.197 billion yuan [11][13] - The funds will focus on R&D and industrialization of new high-performance general-purpose GPUs and AI inference GPUs [13] Group 5 - Haowei Group has passed the listing hearing on the Hong Kong Stock Exchange, moving closer to achieving a dual listing in both Hong Kong and Shanghai [14][18] - The company is a leading Fabless semiconductor design firm, providing sensor, analog, and display solutions across various sectors [18] Group 6 - San Di Yi Xin has completed its IPO counseling registration, focusing on NAND Flash storage control chips and has already mass-produced USB and SD series mobile storage control chips [19][21] - The company aims to enhance its process to 40nm and has developed proprietary algorithms to improve the performance and lifespan of storage chips [21] Group 7 - Tongchuang Purun has initiated its IPO process, focusing on ultra-pure metal materials for large-scale integrated circuits, with products already entering the supply chains of top global wafer manufacturers [22][24] - The company has received significant funding, including over 1 billion yuan in a Pre-IPO round [24] Group 8 - Xinhua Semiconductor has completed its IPO counseling, focusing on electronic-grade polysilicon and related products, with a production capacity of 10,000 tons of semiconductor-grade polysilicon [25][27] - The company has a diverse shareholder structure, including significant investments from state-owned funds [28] Group 9 - Chengdu Super Pure has completed its IPO counseling, focusing on key components for semiconductor etching and precision optics [29][31] - The company has undergone multiple rounds of financing, with significant investments from notable firms [31] Group 10 - Quanxin Intelligent Manufacturing has initiated its IPO process, being the first EDA software company in China focused on semiconductor manufacturing [32][34] - The company has achieved significant revenue growth but is still in a strategic investment phase [34] Group 11 - Yuexin Semiconductor has completed its IPO counseling, focusing on high-end analog chip foundry services for various sectors [35][36] - The company has a multi-phase construction plan with a total investment of 16.25 billion yuan [36] Group 12 - Huolong Technology has started its IPO counseling, specializing in customized designs for gas delivery systems and heating products in the semiconductor equipment sector [38][41] - The company has established a strong market presence and technical barriers in its field [41] Group 13 - Zhaoyi Innovation has received approval for its overseas listing, aiming to issue up to 51.8 million shares on the Hong Kong Stock Exchange [42][44] - The company is a leading Fabless chip supplier, focusing on memory products and has broken the long-standing foreign monopoly in the niche DRAM market [44] Group 14 - Lanjie Technology has also received approval for its overseas listing, with plans to issue up to 13.02 million shares on the Hong Kong Stock Exchange [45][47] - The company specializes in data processing and interconnect chip design, targeting cloud computing and data center markets [47] Group 15 - Weian Co. has initiated its IPO process, focusing on circuit protection and power semiconductor products [48][51] - The company has shown steady revenue growth from 784 million yuan in 2020 to 1.188 billion yuan in 2022 [51] Group 16 - Naxin Microelectronics has officially listed on the Hong Kong Stock Exchange, becoming the first company to achieve a dual listing in both A and H shares in the analog chip sector [52][54] - The company plans to use the funds raised from its IPO to enhance its technology and expand its product offerings in the automotive chip market [54]