Core Viewpoint - The recent report from the China Securities Regulatory Commission indicates that Chip and Semiconductor Technology (Shanghai) Co., Ltd. has completed its IPO counseling process, signaling a clear direction for its capital actions after previous attempts to enter the market and a failed acquisition by Huada Jiutian [1][5]. Company Overview - Chip and Semiconductor was established in 2010, focusing on Electronic Design Automation (EDA) software development, providing comprehensive EDA solutions applicable in various fields such as 5G, smartphones, IoT, AI, and data centers [2]. - The company was co-founded by experienced professionals in the semiconductor industry, including CEO Dai Wenliang and Chairman Ling Feng, both of whom have extensive backgrounds in EDA and related fields [2][3]. Market Environment - The EDA industry, while not a large segment of the semiconductor market, is expected to exceed 1 trillion yuan in the coming years, presenting significant opportunities for growth [3]. - The EDA market is characterized by a "winner-takes-all" dynamic, with a strong concentration of market share among leading firms [3][10]. Recent Developments - In early 2025, Chip and Semiconductor accelerated its capital actions, initiating the A-share IPO process and previously engaging in a failed acquisition attempt by Huada Jiutian [5][6]. - The company reported revenues of 106 million yuan and 265 million yuan for 2023 and 2024, respectively, with a net profit of -89.93 million yuan in 2023 and a profit of 48.13 million yuan in 2024 [6]. Industry Trends - The global EDA market is projected to reach $19.246 billion in 2024, with the top three companies holding 74% of the market share, while the domestic market share exceeds 80% [9]. - The domestic EDA industry is expected to see an increase in localization, with the domestic EDA market share projected to rise from 6% in 2018 to 19% by 2025 [10]. Future Outlook - Chip and Semiconductor is focusing on advanced packaging technologies and AI integration to enhance design efficiency, positioning itself to carve out a niche in the competitive EDA market [11].

Core Viewpoint - The recent completion report submitted by Chip and Semiconductor Technology (Shanghai) Co., Ltd. to the Shanghai Securities Regulatory Bureau indicates that the company is prepared for an IPO, following a series of events including an unsuccessful acquisition attempt by Huada Jiutian [1][21]. Company Overview - Chip and Semiconductor was established in 2010, focusing on Electronic Design Automation (EDA) software development, providing comprehensive EDA solutions applicable in various fields such as 5G, smartphones, IoT, AI, and data centers [2][18]. - The company launched the world's first 3DIC Chiplet advanced packaging system design analysis EDA platform in 2021 [2][18]. - Co-founder and Chairman Ling Feng has over 20 years of experience in the semiconductor industry, having worked with major companies like Motorola and Cadence [2][18]. - Co-founder Dai Wenliang, who has a strong academic background and experience in EDA, emphasizes the potential of the EDA market, which is expected to exceed one trillion yuan in the coming years [3][19]. Investment and Recognition - The company has received investments from notable institutions, including funds affiliated with SMIC and Shanghai's IoT venture capital [4][20]. - Chip and Semiconductor won the 2023 National Science and Technology Progress Award for its project on key technologies in RF system design automation [5][20]. Capital Movements - In early 2025, the company accelerated its capital activities, initiating the A-share IPO process on February 7, 2025 [21]. - An acquisition attempt by Huada Jiutian was announced on March 17, 2025, but was later terminated due to disagreements on core terms [6][22]. - The company reported revenues of 106 million yuan and 265 million yuan for 2023 and 2024, respectively, with net profits of -89.93 million yuan and 48.13 million yuan [21]. Market Environment - The EDA industry is characterized by high concentration, dominated by three major players: Cadence, Synopsys, and Siemens EDA, which collectively hold over 74% of the global market share [11][27]. - The domestic EDA market is expected to grow, with the localization rate projected to reach 19% by 2025, up from 11% in 2021 [12][28]. - Chip and Semiconductor focuses on areas such as analog chip signal simulation and electromagnetic field simulation, with a cumulative shipment of over 2 billion integrated passive devices (IPD) [30]. Future Prospects - The company is embracing AI to transition EDA from traditional rule-driven design to data-driven design, enhancing design efficiency and creating a differentiated market space [15][31]. - The ongoing evolution in semiconductor technology, particularly in advanced packaging and multi-physical field packaging, positions Chip and Semiconductor favorably for future growth [30].

Core Viewpoint - The article highlights the progress of domestic EDA (Electronic Design Automation) companies in China, particularly focusing on the IPO process of Chip and Semiconductor Technology (Shanghai) Co., Ltd., which has completed its IPO counseling and is now entering the Sci-Tech Innovation Board application process, indicating a rapid acceleration in the industry's capitalization process [1]. Group 1: Company Overview - Chip and Semiconductor Technology specializes in EDA software development, covering a full chain of business from chip design to system-level design, with a core focus on advanced packaging simulation and system-level EDA tools [2][3]. - The company has developed multi-physical engine technologies for SI/PI/electromagnetic/thermal/stress simulations, creating a comprehensive EDA solution that supports high-performance computing chip design, applicable in sectors like 5G, smartphones, IoT, AI, and data centers [3]. Group 2: Industry Recognition and Partnerships - The company has received recognition as a national-level "specialized and innovative" small giant enterprise and has won the National Science and Technology Progress Award for its project on RF system design automation, establishing itself as a benchmark in the domestic EDA field [4]. - Partnerships have been formed with notable companies such as SMIC and Samsung, and it is the first domestic EDA company to join the UCIe Chiplet industry alliance, enhancing its influence in the industry [4]. Group 3: Financial Performance and Growth - The company has completed multiple rounds of financing, with over 100 million yuan raised in its B round in 2021, and the latest round in October 2022 involved investments from various notable institutions, providing strong support for its technological development [4]. - Projected revenues for 2023 and 2024 are 106 million yuan and 265 million yuan respectively, with the latter year expected to achieve profitability, indicating significant improvement in its commercial capabilities [4]. Group 4: Market Context - The A-share market has seen the emergence of three listed EDA companies, forming a capitalization ladder for domestic EDA enterprises, with combined revenues exceeding 900 million yuan in the first half of 2025, showcasing a strong growth trend in the industry [6]. - However, there is a noticeable differentiation in growth structure and profitability among these companies, reflecting the evolving competitive landscape within the rapidly developing domestic EDA sector [6].

将投中网设为"星标⭐"，第一时间收获最新推送 同时， 一家中国EDA巨头也在升起。 作者丨 陶辉东 来源丨 投中网 在大家期待A股IPO再次加速之际，并购热也仍在持续发力。近日，又一家IPO辅导中的公司，选择放弃独立IPO转向并购。 3月30日晚，华大九天披露了交易预案，拟通过发行股份及支付现金的方式收购芯和半导体100%的股份。 这起并购交易的双方都来头不小。华大九天是大名鼎鼎的"国产EDA一哥"，目前在创业板上市值达600亿元。芯和半导体也是一家国内的EDA明星公 司，创立以来已融资7轮。如果交易成功，这将是国内EDA行业有史以来最大的一笔并购交易。 今年2月份，芯和半导体刚刚在上海证监局完成了IPO辅导备案登记，仅仅一个月后就转而走上了"并购"这条快车道。 在半导体业界，这起并购也备受关注。众所周知，EDA被称为"芯片之母"，与光刻机一样，都是半导体产业链中技术壁垒最高、被海外巨头垄断最为严 重的环节。目前，新思科技（Synopsys）、楷登电子（Cadence）和西门子三大巨头全流程、大比例地垄断全球EDA市场，地位难以撼动。虽然近年 来中国涌现出了百余家EDA企业，国产替代取得了一定进展，但绝大部分 ...