Company Overview - Espressif Systems (Shanghai) Co., Ltd. is a fabless integrated circuit design company focused on chip design and development, primarily in the AIoT sector [10][20]. - The company was established in 2019 and is headquartered in Shanghai, China, with a registered capital of 156.70 million yuan [15][16]. Fundraising Details - The company plans to issue A-shares to specific investors, with the total number of shares not exceeding 10% of the total share capital before the issuance [3][4]. - The funds raised, totaling approximately 177.79 million yuan, will be primarily invested in the development and industrialization of AI edge chips based on self-developed RISC-V IP [4][5]. Shareholder Structure - As of June 30, 2025, the top ten shareholders hold a combined 52.15% of the company's shares, with the largest shareholder being Espressif (Hong Kong) Investment Co., Ltd., holding 39.06% [16][17]. - The actual controller of the company is Teo Swee Ann, who has extensive experience in the semiconductor industry [19][18]. Industry Context - The integrated circuit industry is a strategic and foundational sector that supports national economic development and security, with its development level being a core indicator of a country's technological advancement [26]. - The industry is regulated by the Ministry of Industry and Information Technology of the People's Republic of China and is subject to various supportive policies aimed at enhancing innovation and competitiveness [20][21][22]. Investment Risks - The company acknowledges potential risks associated with the implementation of fundraising projects, including organizational and management challenges due to the complexity of simultaneous project execution [7]. - There are also risks related to the expected benefits of the fundraising projects not being realized, influenced by macroeconomic conditions and market demand [8].

2025 年 8 月 28 日，芯原微电子（上海）股份有限公司（688521.SH，以下简称 "芯原股份"）正式公告，公司正在筹划以发行股份及支付现金的方式购买 芯来智融半导体科技（上海）有限公司（以下简称 "芯来智融"）股权，并同步募集配套资金。因本次交易尚处于筹划阶段，相关审计评估、交易金额及 支付比例等核心条款尚未确定，公司股票将自 2025 年 8 月 29 日开市起停牌，预计停牌时间不超过 10 个交易日。 | 证券代码 证券简称 | | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 688521 | 芯原股份 | A 股 停牌 | 2025/8/29 | | | | 根据公告披露，本次交易模式采用 "发行股份 + 现金支付" 的组合方式，并同步募集配套资金。尽管具体交易金额与股权支付比例尚未披露，但参考芯原 股份近年资本运作轨迹，其 2025 年已完成多笔千万元级以上现金交易，显示公司在并购整合方面的成熟经验。市场分析指出，此次交易若顺利完成，可 能成为芯原股份在 RISC-V ...