这家“大芯片”要上市！

Core Viewpoint - The article discusses the IPO application of Shanghai Zhaoxin Integrated Circuit Co., Ltd., marking a significant step for domestic CPU manufacturers in the X86 processor market, aiming to raise 4.169 billion RMB to enhance innovation and supply chain control [1]. Group 1: Company Overview - Zhaoxin, established in 2013 and state-owned, is headquartered in Shanghai and is the third domestic CPU leader to pursue an IPO after Haiguang Information and Loongson [1]. - The IPO aims to issue no more than 382.8677 million shares, with a face value of 1.00 RMB per share, resulting in a total share capital of no more than 2.127042781 billion shares post-issue [1]. Group 2: Funding Utilization - The funds raised will be directed towards enhancing core processor chip R&D, improving domestic CPU self-sufficiency, and developing new generation desktop and server processors [1]. - Zhaoxin plans to strengthen its market position in key industries while gradually entering the consumer market and expanding its server processor product line [1]. Group 3: Market Position and Architecture - Zhaoxin's CPUs target desktop PCs, servers, workstations, and embedded fields, utilizing the x86 instruction set, making it one of the few domestic manufacturers adopting a complex instruction set [2]. - The domestic CPU landscape is characterized by three main architectures: X86, ARM, and self-developed architectures, with Zhaoxin and Haiguang representing the X86 camp [2][3]. Group 4: Future Outlook - X86 architecture is expected to remain dominant, with Zhaoxin and Haiguang leading the domestic replacement process due to their established ecosystems and significant market share [4]. - Future competition will hinge on technological iteration speed, ecosystem compatibility, and industry chain collaboration capabilities [4].