Zheng Quan Shi Bao Wang·2025-12-23 00:56Company Overview - Longxin Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] - The company specializes in high-speed mixed-signal chip design, focusing on data transmission and processing solutions for smart visual terminals, smart automotive, AR/VR devices, and AI and high-performance computing applications [1] - Longxin ranks first in the video bridging chip market in mainland China and is among the top five fabless design companies globally based on projected revenue for 2024 [1] Core Technologies - The company possesses three core technology pillars: high-bandwidth SerDes technology, high-speed protocol processing/data encryption technology, and high-definition video processing and display driver technology [1] - Longxin has expanded its business into interconnect chip areas such as PCIe/CXL/USB Retimer and Switch, leveraging its advantages in SerDes technology [1] Market Growth Projections - The global smart video chip market is expected to grow at a compound annual growth rate (CAGR) of 7.4%, increasing from 109 billion RMB in 2025 to 145 billion RMB by 2029, driven primarily by upgrades in AR/VR, smart automotive, and smart terminal devices [1] - Within this market, video bridging chips and video processing chips are identified as the fastest-growing segments [1] Interconnect Chip Market - The global interconnect chip market is projected to grow at a CAGR of 20.1%, from 139.5 billion RMB in 2025 to 290.4 billion RMB by 2029, largely due to the increasing demand for data processing and visual display in the AI era [2] - The AI computing chip market is expected to reach 273.9 billion RMB by 2029 [2]