随着人工智能大模型的爆发式发展，算力需求激增，而接口IP作为连接芯片内部计算单元与外部存储、其他芯片的"高速公 路"，其性能直接决定了整个算力系统的传输效率与协同能力。芯耀辉科技联合创始人、董事长曾克强强调，公司正是瞄准这一 核心环节，致力于通过自主可控的全栈式国产接口IP解决方案，助力中国大模型算力芯片的构建与实现，成为中国半导体产业 强链补链的关键支撑。 资本市场对芯耀辉的发展前景给予了高度认可。今年5月，公司成功完成B轮融资，吸引了中国互联网投资基金、上海国投等国 家级及地方重量级投资机构，以及新华投控、国投聚力、上海国际集团等知名资本的参与。此次融资资金将主要用于加速核心 技术创新、深化产业生态构建，以及推动国产半导体IP的规模化市场应用。这笔资金的注入，无疑将为芯耀辉在上市前后持续 加大研发投入、巩固技术护城河、拓展市场份额提供强劲动力。 从完成B轮融资到快速推进并完成上市辅导，芯耀辉的发展步伐紧凑而有力。在半导体产业自主可控的国家战略背景下，作为产 业链上游关键环节的IP企业，芯耀辉被赋予了重要的产业使命。公司负责人明确表示，其目标是成为中国领先的半导体IP公 司，成为产业强链补链的关键力量。 随 ...

Core Insights - The domestic semiconductor IP market in China is rapidly growing, driven by advancements in AI, big data, and the development of self-controlled chips, contributing to high-level technological independence [1][7] - The market size of China's semiconductor IP is projected to reach 14.703 billion yuan in 2024, with processor IP accounting for 49.53% and expected to grow to 18.634 billion yuan in 2025 [1][7] Industry Definition and Classification - Semiconductor IP, also known as IP cores, refers to reusable integrated circuit design modules that have been verified for specific functions [2] - It can be classified based on delivery methods (soft IP, hard IP, firm IP) and product types (processor IP, interface IP, physical IP, digital IP) [2] Current Development Status - The global semiconductor IP market is expected to reach a record high of $8.481 billion in 2024, with processor IP and interface IP being the strongest segments [6][7] - China's semiconductor IP market is experiencing rapid growth, with significant contributions from consumer electronics, telecommunications, and computing sectors [8] Industry Evolution - The rise of semiconductor IP is attributed to the maturation of the semiconductor industry, increased demand, and refined design processes [4][9] - China's semiconductor IP industry has evolved from early stages of technology introduction to rapid growth and expansion, supported by government policies [9][10] Competitive Landscape - The global semiconductor IP market is highly concentrated, with major players including ARM, Synopsys, and Cadence, which dominate the high-end core IP sector [11][12] - In China, local companies are making progress in emerging fields like RISC-V and AI IP, with significant players including Cambrian, Xinyuan, and others [12][13] Industry Trends - The domestic integrated circuit industry is in a rapid expansion phase, driven by the increasing demand for chips in smartphones, IoT devices, and new energy vehicles, providing a stable market for local semiconductor IP providers [13]

Core Insights - The explosive growth of artificial intelligence since 2020 has significantly driven the development of the semiconductor industry, particularly through the need for advanced interconnect protocols to optimize performance [1][3]. Market Growth and Projections - The interface IP market is expected to grow by 23.5% in 2024, reaching $2.365 billion, with a projected annual growth rate of around 20% from 2024 to 2029 [3][10]. - Despite a decline in the semiconductor market in 2023, the interface IP market still saw a growth of 17% [3]. - The share of interface IP in the overall IP market has increased from 18% in 2017 to 28% in 2023, with expectations to rise to 38% by 2024 [3][10]. Key Protocols and Their Growth - The majority of growth in the interface IP market is anticipated to come from three categories: PCIe, memory controllers (DDR), and Ethernet/SerDes, with five-year compound annual growth rates (CAGR) of 17%, 17%, and 21% respectively [10]. - The top five protocols are projected to grow from $2.2 billion in 2024 to $4.9 billion by 2029, maintaining a CAGR of 17% [10]. Company Performance and Market Share - In 2024, the design IP revenue is expected to reach $8.5 billion, marking a 20% increase, with wired interfaces being the primary growth driver [13][15]. - The top four IP companies (ARM, Synopsys, Cadence, and Alphawave) are projected to capture 75% of the market share in 2024, with growth rates exceeding the overall market [13][15]. - ARM's market share is expected to decrease from 48.1% in 2016 to 43.5% in 2024, while Synopsys is projected to increase its share from 13.1% to 22.5% [16][17]. Strategic Shifts and Future Trends - A significant strategic shift is anticipated in the next decade, with IP suppliers focusing on multi-product strategies and promoting ASICs, ASSPs, and chiplets based on leading IP [11]. - Companies like Credo and Rambus have already begun to generate substantial revenue from ASSPs, with measurable results from chiplets expected by 2026 [11]. Summary of Key Players - Synopsys is expected to lead the IP licensing revenue market with a 32% share in 2024, followed closely by ARM at 30% [21]. - Alphawave has rapidly grown to rank fourth in the market, highlighting the importance of high-performance SerDes IP for modern data center applications [23].

Core Insights - The semiconductor IP industry is a critical value node in the integrated circuit industry, serving as a core driver for chip design and a foundational element for artificial intelligence and high-performance computing [1][2] - China's semiconductor IP industry has seen rapid growth, but the self-sufficiency rate remains below 10%, indicating significant room for development [3][4] Industry Overview - The global semiconductor IP market is projected to reach $8.49 billion in 2024, with a year-on-year growth of 20.2%, marking a historical high [3] - The semiconductor IP market is currently dominated by international firms, with the top three companies (ARM, Synopsys, Cadence) holding a combined market share of 70% [3][4] Market Dynamics - The semiconductor IP sector is experiencing explosive growth due to the rise of AI and the need for innovative chip architectures, with the IP market's share in the integrated circuit sales being less than 2% [2][3] - The interface IP market is expanding rapidly, increasing from approximately 20% in 2020 to 30% by 2024, driven by the demand for data exchange between processors in AI applications [5] Technological Advancements - The industry is undergoing a dual transformation driven by technological innovation and market changes, with new processes and chiplet technology providing new opportunities for domestic semiconductor IP firms [4][5] - Interface IP is becoming increasingly critical as AI and high-performance computing fields grow, making it a key growth engine for the semiconductor IP market [5][6] Ecosystem Development - Domestic semiconductor IP companies are shifting from single product competition to ecosystem competition, emphasizing the need to build an integrated "IP-chip-application" ecosystem [6][7] - Collaboration among domestic and international entities is essential for the success of the semiconductor IP industry, with a focus on technology openness and resource sharing [6][7]