Core Viewpoint - The article discusses the journey of Wang Dongsheng, founder of BOE Technology Group, as he transitions from the display industry to the semiconductor sector with his new venture, Yiswei Computing, focusing on RISC-V architecture and aiming to become a leader in this emerging market [4][7][16]. Company Overview - Wang Dongsheng retired from BOE in 2019 and founded Yiswei Computing, which aims to tackle the semiconductor challenges faced by China, particularly in the context of the U.S.-China tech rivalry [4][6][17]. - Yiswei Computing has raised over 9 billion yuan in funding over five years, with significant backing from prominent investment firms [3][14]. Financial Performance - Yiswei Computing's revenue from 2022 to 2024 was 2 billion, 1.75 billion, and 2.02 billion yuan respectively, with a total revenue of 5.78 billion yuan, while net losses during the same period reached 1.57 billion, 1.84 billion, and 1.55 billion yuan, totaling 4.95 billion yuan [11]. - The company's R&D expenditures were substantial, accounting for 82.5% of revenue in 2022, indicating a strong focus on building a technological moat [11][12]. Market Position and Strategy - Yiswei Computing has positioned itself as the leading provider of RISC-V solutions in China, with over 500 IPs and 1,500 patent applications as of the end of 2024 [9][11]. - The company aims to leverage the RISC-V open-source architecture to reduce design costs and meet the fragmented demands of the AIoT era [7][12]. Future Outlook - The RISC-V market in China is projected to grow significantly, from 1 billion yuan in 2020 to 161 billion yuan in 2024, with a compound annual growth rate of 263.5% [15]. - Yiswei Computing plans to use IPO proceeds to enhance its smart terminal solutions, develop the RISAA platform, and expand its global marketing network [15][16]. Ecosystem Development - The company is focused on building a new ecosystem rather than just selling chips, establishing RISC-V innovation centers across China to promote applications in various sectors [16][17]. - Yiswei Group, the parent company, is also involved in incubating projects across the semiconductor supply chain to address critical gaps in China's semiconductor industry [17].