Core Viewpoint - TianShu ZhiXin Semiconductor Co., Ltd. officially listed on the Hong Kong Stock Exchange on January 8, raising approximately HKD 3.7 billion through the issuance of 25.43 million H shares at a price of HKD 144.6 per share [1] Group 1: Company Overview - TianShu ZhiXin is one of the major AI chip manufacturers in China [1] - The company has maintained a high level of R&D investment, with expenditures of RMB 457 million, RMB 616 million, and RMB 773 million for the years 2022, 2023, and 2024 respectively [1] - The R&D spending as a percentage of total revenue for the same years is 241.1%, 213.1%, and 143.2% [1] Group 2: Market Insights - The domestic general GPU market's localization rate is projected to increase from 2% in 2022 to 3.6% in 2024, with an expected rise to 31% by 2029 [1]
天数智芯登陆港交所