豪掷18亿！乐鑫杀入路由器芯片新赛道

Core Viewpoint - Lexin Technology is entering the router chip market with a fundraising plan of up to 1.778 billion yuan, focusing on Wi-Fi 7 technology, which indicates a significant shift in the competitive landscape of the Wi-Fi chip market [1][3][16] Fundraising Announcement - Lexin Technology plans to raise up to 1.778 billion yuan through a private placement of no more than 15.6703 million A-shares, with funds allocated to five key projects, particularly emphasizing Wi-Fi 7 [3][4] - The funding distribution shows that the Wi-Fi 7 router chip and smart terminal chip projects account for 22.44% and 14.06% of the total funds, respectively, highlighting the company's focus on Wi-Fi 7 technology [5][6] Historical Context of Fundraising - This is Lexin Technology's third attempt at fundraising, following two previous unsuccessful attempts in 2020 and 2022, where the amounts were significantly lower [6][16] Key Projects Breakdown - The five major projects include Wi-Fi 7 router chips, Wi-Fi 7 smart terminal chips, and RISC-V based AI edge chips, which are crucial for the Internet of Things (IoT) ecosystem [7][8] - The Wi-Fi 7 router chip project aims to develop a SoC that supports advanced Wi-Fi 7 features, with a projected internal rate of return (IRR) of 21.48% and a payback period of 6.57 years [9][10] - The Wi-Fi 7 smart terminal chip project targets various consumer and industrial applications, with a focus on low power consumption and high performance, and a projected IRR of 22.31% [10][11] - The RISC-V AI edge chip project aims to enhance AI model deployment capabilities, targeting a rapidly growing market with a projected IRR of 22.31% [11][12] Strategic Timing for Wi-Fi 7 Investment - Lexin Technology's investment in Wi-Fi 7 router chips is driven by the increasing demand for high-speed, low-latency wireless networks, particularly in the context of IoT and smart home applications [13][14] - The company aims to leverage its existing expertise in Wi-Fi 6 to bridge the gap with international competitors and enhance its global standing [14][16] Competitive Landscape - The global router chip market is currently dominated by Qualcomm, Broadcom, and MediaTek, presenting significant challenges for new entrants like Lexin Technology [16] - Lexin's strategy to focus on both current demands (router and terminal connectivity) and future opportunities (edge AI) positions it to potentially disrupt the existing market dynamics [16]