Group 1 - The company, Lanqi Technology, plans to set the upper limit of its IPO price range, with a maximum offering price of HKD 106.89, aiming to raise up to HKD 7.04 billion [1] - The IPO will take place from January 30 to February 4, with 65.89 million H-shares being issued, 10% for public offering in Hong Kong and the remainder for international placement, along with a maximum of 15% over-allotment option [1] - Lanqi Technology is a leading fabless integrated circuit design company, focusing on innovative, reliable, and high-efficiency interconnect solutions for cloud computing and AI infrastructure, projected to be the largest memory interconnect chip supplier globally by revenue in 2024, with a market share of 36.8% [1] Group 2 - The company offers a full range of memory interface chips from DDR2 to DDR5, including supporting chips such as SPD, temperature sensors, and power management ICs, with its DDR5 memory interface chips being critical for stable data transmission between CPUs and DRAM modules in servers [2] - New interconnect chips launched by the company aim to enhance the reliability and efficiency of data transmission in AI servers and personal computers [2] - The company has two main product lines: interconnect chips and Zindai products, with interconnect chips including memory interface chips, supporting chips, PCIe/CXL interconnect chips, and clock chips [2]

Core Viewpoint - The company, Lanqi Technology, plans to price its IPO at the upper limit of the offering range, aiming to raise up to HKD 7.04 billion through the issuance of 65.89 million H-shares, with a maximum offer price of HKD 106.89 per share [1] Group 1: IPO Details - The IPO subscription period is set from January 30 to February 4, with 10% of the shares available for public offering in Hong Kong and the remainder for international placement, including an option for up to 15% in over-allotment [1] - The expected listing date for Lanqi Technology's H-shares is February 9 [1] - The entry fee for one board lot of 100 shares is HKD 10,796.8 [1] Group 2: Company Overview - Lanqi Technology is a leading fabless integrated circuit design company, focusing on innovative, reliable, and high-efficiency interconnect solutions for cloud computing and AI infrastructure [1] - According to Frost & Sullivan, the company is projected to be the largest supplier of memory interconnect chips globally by 2024, holding a market share of 36.8% based on revenue [1] - The company provides interconnect chips to industry-leading clients, including memory interconnect chips and PCIe/CXL interconnect chips, applicable in a wide range of end-user fields such as data centers, servers, and computers [1] Group 3: Product Lines - Lanqi Technology offers a full range of DDR2 to DDR5 memory interface chips and supporting chips, including SPD, temperature sensors, and power management integrated circuits [2] - The DDR5 memory interface chips are critical interconnect components between CPUs and DRAM modules in servers, enabling stable transmission of high-speed data [2] - The company has two main product lines: interconnect chips and Zindai products, with interconnect chips including memory interface chips, memory module supporting chips, PCIe/CXL interconnect chips, and clock chips [2]

近日，澜起科技（688008.SH）正式启动H股公开招股，招股期自1月30日起，预计于2月4日结束，H股预计于2月9日在香港联交所主板挂牌并开始上市交 易。 作为科创板首批25家上市公司之一，澜起科技是全球领先的内存接口芯片企业。根据弗若斯特沙利文的资料，按收入计算，该公司在2024年位居全球最大的 内存互连芯片供应商，市场份额达36.8%。 从2025年6月宣告将在港股IPO，到2026年2月H股即将上市，澜起科技踩准了存储"超级周期"。 在刚刚过去的2025年，澜起科技预计实现归属于母公司所有者的净利润21.50亿元-23.50亿元，较上年同期增长52.29%-66.46%。其表示，受益于AI产业趋 势，行业需求旺盛，该公司互连类芯片出货量显著增加，推动2025年度经营业绩较上年同期实现大幅增长。 标准优势确立 2004年5月，杨崇和、StephenTai在上海联合创立了澜起科技。这一年，恰逢DDR2世代开启。 作为该市场的新进入者，澜起科技完成了DDR2高级内存缓冲芯片（AMB）的认证，在竞争激烈的内存接口芯片市场站住了脚跟。 但在DDR3时代，服务器内存市场发生了技术路线更迭：此前由英特尔力推的FBD ...

Group 1 - The company, Lianqi Technology (06809), plans to conduct a global offering of 65.89 million shares from January 30 to February 4, 2026, with a maximum offer price of HKD 106.89 per share [1] - The company is a leading fabless integrated circuit design firm focused on providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure [1] - According to Frost & Sullivan, the company is projected to be the largest supplier of memory interconnect chips globally in 2024, holding a market share of 36.8% by revenue [1] Group 2 - The company offers a full range of memory interface chips from DDR2 to DDR5, including supporting chips like SPD, TS, and PMIC, which are critical for stable data transmission between CPUs and DRAM modules in servers [2] - The company has two main product lines: interconnect chips and Zindai products, with interconnect chips including memory interface chips, PCIe/CXL interconnect chips, and clock chips [2] Group 3 - The company has secured cornerstone investments totaling USD 450 million from various investors, including JPMIMI and UBS AM, under specific conditions [3] - The estimated net proceeds from the global offering are approximately HKD 6.905 billion, assuming no exercise of the over-allotment option and a share price of HKD 106.89 [3] - About 70% of the proceeds will be allocated to R&D in the interconnect chip sector over the next five years, while 5% will enhance commercialization capabilities, 15% for strategic investments or acquisitions, and 10% for working capital and general corporate purposes [3]

Core Viewpoint - The company, 澜起科技, is set to launch an initial public offering (IPO) from January 30 to February 4, 2026, aiming to raise approximately 6.589 million shares globally, with a maximum price of HKD 106.89 per share, focusing on interconnect solutions for cloud computing and AI infrastructure [1]. Group 1: Company Overview - 澜起科技 is a leading fabless integrated circuit design company specializing in innovative and reliable interconnect solutions for cloud computing and AI infrastructure [1]. - The company provides interconnect chips, including memory interconnect chips and PCIe/CXL interconnect chips, applicable in data centers, servers, and computers [1]. - According to Frost & Sullivan, the company is projected to be the largest supplier of memory interconnect chips globally by 2024, holding a market share of 36.8% [1]. Group 2: Product Lines - The company offers a full range of DDR2 to DDR5 memory interface chips and supporting chips, including SPD, temperature sensors, and power management integrated circuits [2]. - The DDR5 memory interface chips are critical components for stable data transmission between CPUs and DRAM modules in servers [2]. - New interconnect chips, such as MRCD/MDB, clock drivers, PCIe Retimer, and CXL MXC, aim to enhance data transmission reliability and efficiency in AI servers and personal computers [2]. Group 3: Fundraising and Use of Proceeds - The company has secured cornerstone investments totaling USD 450 million from various investors, including JPMIMI and UBS AM, under specific conditions [3]. - After deducting underwriting commissions and estimated expenses, the net proceeds from the global offering are estimated to be approximately HKD 6.905 billion, assuming no exercise of the over-allotment option [3]. - Approximately 70% of the proceeds will be allocated to R&D in the interconnect chip sector over the next five years, 5% to enhance commercialization capabilities, 15% for strategic investments or acquisitions, and 10% for working capital and general corporate purposes [3].

Core Viewpoint - 澜起科技 is set to become the world's largest memory interconnect chip supplier by revenue in 2024, with a market share of 36.8% according to Frost & Sullivan [1] Group 1: Company Overview - 澜起科技 is a leading fabless integrated circuit design company focused on providing innovative, reliable, and energy-efficient interconnect solutions for cloud computing and AI infrastructure [3] - The company offers a full range of memory interface chips from DDR2 to DDR5, including supporting chips like SPD, temperature sensors, and power management ICs [3][4] - 澜起科技 has established a significant first-mover advantage in the memory interconnect field by setting and leading industry standards, being a member of the JEDEC board, and contributing to the development of international standards for DDR5 chips [4] Group 2: Product Lines - 澜起科技 has two main product lines: interconnect chips and津逮 products, with interconnect chips including memory interface chips, PCIe/CXL interconnect chips, and clock chips [4] - The company is one of the two largest PCIe Retimer providers globally and the first to launch the CXL MXC chip, expanding its product portfolio to include innovative Ethernet and optical interconnect solutions [5] Group 3: Financial Performance - For the fiscal years 2022 to 2025, 澜起科技 reported revenues of 3.672 billion, 2.286 billion, 3.639 billion, and 4.058 billion RMB respectively, with profits of 1.299 billion, 0.451 billion, 1.341 billion, and 1.576 billion RMB [5][6] - The company has experienced fluctuations in revenue and profit, with a notable increase in revenue projected for 2025 compared to previous years [6]

Core Viewpoint - 澜起科技 is preparing for a listing on the Hong Kong Stock Exchange, aiming to leverage its position as a leading fabless integrated circuit design company focused on innovative interconnect solutions for cloud computing and AI infrastructure [1] Group 1: Company Overview - 澜起科技 specializes in interconnect chips, including memory interconnect chips and PCIe/CXL interconnect chips, as well as products based on the津逮 CPU [1] - The company offers a full range of memory interface chips from DDR2 to DDR5, with DDR5 interface chips being critical for high-speed data transmission between CPUs and DRAM modules in servers [1] Group 2: Product Innovations - Recent product launches include MRCD/MDB, CKD, PCIe Retimer, and CXL MXC, aimed at enhancing data transmission reliability and efficiency in AI servers and personal computers [1] Group 3: Market Position - According to a report by Frost & Sullivan, 澜起科技 is projected to be the largest supplier of memory interconnect chips globally by revenue in 2024, with a market share of 36.8% [1]

Core Viewpoint - The company, Lanke Technology Co., Ltd. (澜起科技), is a leading global fabless integrated circuit design firm focused on providing innovative, reliable, and high-performance interconnect solutions for cloud computing and AI infrastructure [3]. Company Overview - Lanke Technology specializes in interconnect chips, including memory interconnect chips and PCIe/CXL interconnect chips, serving a wide range of end applications such as data centers, servers, and computers [3]. - The company is projected to be the largest supplier of memory interconnect chips globally in 2024, with a market share of 36.8% according to Frost & Sullivan [3]. Product Lines - The company has two main product lines: interconnect chips and Zindai products, with interconnect chips including memory interface chips, memory module supporting chips, PCIe/CXL interconnect chips, and clock chips [4]. - The interconnect solutions are strategically positioned to address critical market demands, serving as a foundation for cloud computing, data centers, and AI infrastructure [4]. Market Growth - The global high-speed interconnect chip market is expected to grow significantly from $15.4 billion in 2024 to $49 billion by 2030, with a compound annual growth rate (CAGR) of 21.2% [4]. - The memory interconnect chip market is projected to increase from $1.2 billion in 2024 to $5 billion by 2030, with a CAGR of 27.4% [5]. - The PCIe and CXL interconnect chip market is anticipated to grow from $2.3 billion in 2024 to $9.5 billion by 2030, with a CAGR of 26.7% [5]. Financial Performance - The company's revenue for the fiscal years ending December 31 for 2022, 2023, 2024, and the nine months ending September 30, 2025, are approximately RMB 3.67 billion, RMB 2.29 billion, RMB 3.64 billion, and RMB 4.06 billion respectively [5][6]. - The net profit for the same periods is approximately RMB 1.30 billion, RMB 0.45 billion, RMB 1.34 billion, and RMB 1.58 billion respectively [5][6].