Group 1 - The core viewpoint of the article highlights the upcoming IPO of Muxi Technology, which aims to raise 3.904 billion yuan by issuing 40.1 million shares, representing 10.02% of the total share capital post-issue [1] - Muxi Technology specializes in high-performance GPU products that cover artificial intelligence computing, general computing, and graphics rendering [1][3] - The funds raised from the IPO will be allocated to the development and industrialization of new high-performance general-purpose GPUs (C600 and C700), next-generation AI inference GPUs, and high-performance GPU technology for emerging applications [1] Group 2 - Muxi Technology was established in September 2020 and focuses on the independent development of high-performance GPU chips and computing platforms [2] - The company's core team includes experienced professionals from AMD, with the founder holding a 22.94% stake, making him the actual controller of the company [2] - The company has seen a significant increase in valuation due to multiple rounds of financing, with a post-investment valuation reaching 21.071 billion yuan in February 2025 [2] Group 3 - Muxi Technology has experienced exponential revenue growth due to the surge in demand for computing power driven by AI models, with projected revenues of 426,400 yuan in 2022, 53.0212 million yuan in 2023, and 743 million yuan in 2024, reflecting a compound annual growth rate of 4074.52% [3] - Despite the revenue growth, Muxi Technology remains in a loss position, with net profits projected to be -777 million yuan in 2022, -871 million yuan in 2023, and -1.409 billion yuan in 2024 [3] - Other domestic GPU startups are also in the process of going public, including Moore Threads, Suiyuan Technology, and others, with comparable companies being Nvidia and AMD internationally, and Cambricon and Loongson domestically [3]