Core Viewpoint - Changxin Technology has initiated its IPO counseling process, with an unusually large team of 34 members from two leading investment banks, indicating the project's complexity and significance in the semiconductor industry [1][14][20]. Group 1: IPO Counseling Details - The first phase of counseling for Changxin Technology began on July 7 and has concluded after two months, involving a total of 34 counselors from China International Capital Corporation (CICC) and CITIC Securities [1][4][20]. - The CICC team consists of 18 members, including newly added personnel, while the CITIC Securities team has 16 members, also with new additions [4][11]. - The large size of the counseling team is attributed to the project's scale and complexity, as well as the need to mitigate risks associated with personnel changes during the counseling period [14][15]. Group 2: Company Background and Market Position - Changxin Technology, founded in 2016, is recognized as a leading player in the memory chip sector, with a valuation exceeding 140 billion yuan and a strategic financing completion of 10.8 billion yuan in 2024 [20][21]. - The company operates the largest and most advanced DRAM production facility in China, focusing on various applications including mobile devices, computers, and IoT [20]. - The ownership structure of Changxin Technology includes 49 shareholders, with significant stakes held by state-owned enterprises, indicating strong governmental support [21].