Core Viewpoint - Luanqi Technology has completed nearly 100 million yuan in Series B financing, led by Zhongke Chuangxing, with funds aimed at expanding production, increasing R&D investment, and developing new product lines [1] Group 1: Company Overview - Luanqi Technology was established in 2022, with core members having over 10 years of experience at leading global semiconductor and technology companies such as AMD, Samsung, and Huawei [1] - The company focuses on providing efficient storage testing equipment and services for the storage industry, addressing the critical issue of the lack of high-end domestic storage chip testing equipment [1][3] Group 2: Technology and Products - The core technology of the company is based on NAND Flash particle testing verification, filling a gap in the domestic high-end storage testing equipment market [3] - Luanqi Technology specializes in the R&D and sales of testing equipment for SSDs, UFS, and NAND particles, offering comprehensive testing solutions that cover all stages from R&D testing to mass production testing [3][5] Group 3: Market Potential - According to IDC and Expert Market Research, the global semiconductor testing equipment market for NAND Flash testing devices is expected to exceed 20 billion USD by 2025, with the global SSD market projected to surpass 175 billion USD, maintaining a 15% annual compound growth rate [5] - The high technical barriers in the storage field and the long-term monopoly by foreign manufacturers create a pressing demand for domestic alternatives, presenting significant growth opportunities for Luanqi Technology [5] Group 4: Investment Insights - Zhongke Chuangxing emphasizes that storage chips are the largest category of integrated circuit products and are crucial for the AI era, with the rise of domestic storage chip companies likely to foster the development of excellent domestic storage testing equipment firms [5][6] - Hetang Capital views Luanqi Technology as a leading domestic storage testing equipment manufacturer that has completed a technological and commercial closed loop, with a promising future ahead [6] - Yixin Capital notes that the demand for domestic storage testing equipment is significantly increasing, with new generation testing devices expected to see a growth cycle of 3 to 5 years starting in 2025 [7]