Core Viewpoint - The Shanghai Stock Exchange's Listing Review Committee has approved the IPO application of Muxi Integrated Circuit (Shanghai) Co., Ltd., marking another case of the "1+6" reform initiative in the Sci-Tech Innovation Board after its implementation [1]. Group 1: Company Overview - Muxi Co. is a leading enterprise in the domestic high-performance general-purpose GPU market, focusing on the independent research and development of full-stack high-performance GPU chips and computing platforms [1]. - The main business of Muxi Co. includes the research, design, and sales of full-stack GPU products used in artificial intelligence training and inference, general computing, and graphics rendering [1]. Group 2: IPO Details - Muxi Co. plans to raise 3.904 billion yuan through its IPO, with the funds allocated for the development and industrialization of new high-performance general-purpose GPU projects, next-generation AI inference GPU projects, and high-performance GPU technology research for emerging applications [1].

Group 1 - The core viewpoint of the article is that domestic GPU manufacturer Muxi Co., Ltd. has received approval from the listing committee for its IPO on the Sci-Tech Innovation Board, aiming to raise 3.904 billion yuan [1] - The funds from the IPO will be allocated to three main projects: the development and industrialization of new high-performance general-purpose GPUs, the development and industrialization of next-generation AI inference GPUs, and the R&D of high-performance GPU technologies for cutting-edge fields and emerging application scenarios [1]

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. is set to have its Sci-Tech Innovation Board IPO application reviewed on October 24, aiming to raise 3.904 billion yuan for the development and industrialization of new high-performance general-purpose GPUs [1] Company Overview - Muxi was established in 2020 and specializes in full-stack GPU products [1] - The company's flagship product, the Xiyun C500 series chip, has become the main revenue driver, projected to account for 97.28% of the main business revenue in 2024 [1]