Huada Semiconductor invests in FPGA company Huawei Electronics and plans to seek listing!

“Science and Technology Innovation Board Daily” (Reporter Chen Mei), recently, another FPGA company plans to seek listing on the Science and Technology Innovation Board.

According to the Sichuan Securities Regulatory Bureau, Chengdu Huawei Electronics Technology Co., Ltd. (hereinafter referred to as “Huawei Electronics”) was recently jointly counseled by Huatai and has completed the filing and registration.

In the basic information table of counseling and filing, the reporter saw that Huawei Technology was established in 2003. It is the national “909” project and the first batch of integrated circuit design enterprises certified by the country. It focuses on the research and development of integrated circuit technology and products. Design and Electronic application products are the main products. The main products include programmable logic devices (CPLD/FPGA), high-speed and high-precision ADC/DAC, memory, power management chips, interface and driver chips, and high-performance low-power MCUs.

Previously, Fudan Microelectronics, a major FPGA manufacturer, has successfully listed on the market, soaring by 800% on the first day, and will develop 14nm chips. On October 18, the reporter called the “Huawei Electronics” board secretary office, and its staff said that the company is currently actively preparing for the Science and Technology Innovation Board. “But as for when the prospectus will be disclosed, it depends on the specific arrangements.”

Huada semiconductor becomes a shareholder, the largest shareholder is powerful

According to the disclosure, there are three shareholders with more than 5% of “Huawei Electronics”, namely China Zhenhua Electronics Group, with a shareholding ratio of 52.76%, which is the largest shareholder of Huawei Technology. Huada Semiconductor and Chengdu Huawei Zhongzhi Co-creation Enterprise Management Center are the second and third largest shareholders, with shareholding ratios of 21.38% and 9.01%.

Among them, the major shareholder China Zhenhua Electronics Group has a lot of background. Tianyancha shows that the predecessor of China Zhenhua Electronics Group was the military electronics base established by the state in Guizhou during the third-line construction period in the 1960s. .

The second shareholder, Huada Semiconductor, is also an integrated circuit developer. At the 2020 Munich Shanghai Electronics Show, Gu Guangyue, the marketing director of the MCU business unit of Huada Semiconductor, once said that the development direction of the MCU chip of Huada Semiconductor follows to solve the core problems in the high-end industrial control and automotive fields.

It is worth noting that Anlu Technology, which successfully entered the Science and Technology Innovation Board in May this year, as the first share of FPGA chips, the major shareholder is Huada Semiconductor, with a shareholding ratio of 33.34%. At the same time, Huada Jiutian, the largest domestic EDA software provider in China, is also associated with Huada Semiconductor.

Therefore, some people believe that under the bridge of Huada Semiconductor, Huada Jiutian will cooperate with Anlu Technology on EDA tools. You know, FPGA chip is to program the hardware on-site through dedicated EDA software, and then realize the application of specific functions such as network communication, consumer electronics, data centers, automotive electronics, and artificial intelligence.

As for the Chengdu Huawei Zhongzhi Enterprise Management Center, this should be the shareholding platform for the core personnel of “Huawei Electronics”. Equity penetration shows that Huang Xiaoshan, the legal representative of “Huawei Electronics”, holds 30.21% of the shares, and the corresponding subscription amount is 14.739 million yuan, while Wang Ning, Xie Xiuhua, Zhao Lianghui and others hold 13.59% respectively. , 6.77%, 5.8% of the shares.

However, except for Huang Xiaoshan, what roles other personnel play in “Huawei Electronics” can only be revealed by waiting for the prospectus.

After three rounds of financing, FPGA has entered a golden development period

As a subsidiary of the national core group, “Huawei Electronics” has also raised three times before starting the road to listing.

According to Tianyancha, Chengdu Venture Capital launched its A round of investment as early as 2011, and the investment amount was not disclosed. At the same time, Sichuan Development and CLP Financial Investment will also invest in Series B in June 2021, and in July 2021, CLP Financial will invest in Series C investment.

Among them, Chengdu Venture Capital is a company jointly established by the Sichuan Provincial People’s Government and the Chengdu Municipal People’s Government. Chengdu Industrial Investment Group holds 55.832% of the shares. .787%.

Up to now, Chengdu Venture Capital has made 40 foreign investment events. In August 2021, Chengdu Venture Capital participated in the Series A financing of Chengdu Biotec Biotech. In addition, Chengdu Jiujin Technology, an electronic measuring instrument manufacturer, and Sichuan Saidi Information, a software radio company, are also new investment companies of Chengdu Venture Capital, which is already a new third board company.

Furthermore, Sichuan Development is a wholly state-owned enterprise funded and established by the Sichuan Provincial People’s Government. It is positioned by the Sichuan Provincial Party Committee and the Sichuan Provincial Government as the only state-owned capital operating company in Sichuan Province that integrates financial holdings, industrial investment leadership, and enterprise reform and development. At present, there are 123 foreign investment and 107 foreign investment funds. It can be said that it is both a GP and an LP.

As for CLP Gold Investment, its registered place is in Tianjin. On August 11, 2021, it invested 500 million yuan in a strategic investment in China Telecom, which made it a blockbuster. It is worth mentioning that CLP Gold is also the fourth largest shareholder of EDA Shanghua Da Jiutian, with a shareholding ratio of 13.09%. It should be said that holding shares in “Huawei Electronics” is of strategic significance.

In addition to “Huawei Electronics” and Anlu Technology, which are seeking to be listed on the Science and Technology Innovation Board, the reporter saw that there are also Yilingsi, Zhiduoji, AGM, Zhongke Yihai Microelectronics, and Jingweiqi in China. Power and other FPGA companies, the services provided are programmable FPGA chips.

On August 12, the 2022 campus recruitment started by ByteDance also showed that half of them were R&D. The chip engineers involved are also related to FPGA/ASIC and are in front-end design. It can be seen that FPGA has entered a golden period of development.

Regarding FPGA, Bu Rixin, a partner of Chuangdao Investment Consulting, said in an interview with a reporter from the “Science and Technology Innovation Board Daily” that the current domestic FPGAs are not the same, some focus on the civilian field, and some focus on the military industry that has been seriously stuck. field. “Compared with the popular CPU and GPU tracks in China, FPGA is the first segment of localization, which is related to the characteristics of FPGA and is mainly used in product verification of IC design, as well as some multi-category, Small amounts of various fields, so it’s easier to break out from downstream clients.”

At the same time, Bu Rixin believes that domestic FPGA companies, such as Chengdu Huawei Electronics, Fudan Microelectronics, Anlu Technology, Jingwei Qili, etc., are relatively not start-up companies, and have long-term accumulation in related fields. , and has made substantial breakthroughs in some key areas, so it still has certain strength in core technology.

Looking at the global field, Ma Chao, a financial technology expert, told the reporter of “Science and Technology Innovation Board Daily” that in the past year, the chip industry is really worth seeing. Nvidia acquired ARM, AMD acquired Lingsi, Nvidia turned to cloud data centers, and AMD turned to Artificial intelligence, indicating that both sides are attacking each other’s hinterland. However, the latest news shows that Nvidia’s acquisition of ARM may be uncertain, so the competition in the semiconductor field will continue.

With the development of technology, embedded FPGA has also emerged in the field of AI recently. The so-called embedded FPGA (Embedded FPGA) refers to the integration of the FPGA into the SOC. In this process, the number of logic gates of the FPGA, the size of the Memory and the computing power of the DSP can be defined.

In this regard, Zhao Zhanxiang, a semiconductor expert at Yunxiu Capital, pointed out that the low power consumption of eFPGA makes it a very wide range of application scenarios, including wearable devices and IoT terminals. For AI-type applications, eFPGA IP can be directly integrated with other modules (such as RAM or multipliers) to effectively achieve hardware acceleration of related applications.

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