Huada Semiconductor shares in Chengdu a FPGA company to seek listing! Experienced three rounds of financing

Recently, another FPGA company intends to seek the listing of Science and Technology Innovation Board.

According to the Sichuan Securities Regulatory Bureau, Chengdu Huawei Electronic Technology Co., Ltd. (hereinafter referred to as "Huawei Electronics") was jointly coached by Huatai recently and has completed the record registration.

In the basic information table for guidance and filing, the reporter saw that Huawei Technology, founded in 2003, is the national "909" project and the first batch of national certified integrated circuit design enterprises, focusing on the research and development of integrated circuit technology and products. Its main products are chip design and electronic applications. The main products include programmable logic devices (CPLD/FPGA), high-speed and high-precision ADC/DAC, memory, power management chip, interface and driver chip and high-performance and low-power MCU.

Prior to this, Fudan Microelectronics, a big FPGA company, has been successfully listed, soaring 800% on its first day, and will develop 14nm chips. On October 18, the reporter telephoned the Dong Secret Office of "China Microelectronics". Its staff said that the company was actively preparing for the war division. "but as to when the prospectus will be disclosed, it depends on the specific arrangements."

Huada Semiconductor takes a stake, and the largest shareholder is powerful.

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

Among them, the major shareholder China Zhenhua Electronics Group has a long history. Tianyan investigation shows that the predecessor of China Zhenhua Electronics Group was the military industrial and electronic base established by the state in Guizhou during the third-line construction in the 1960s, and its name was successively changed to "the fourth Machinery Industry Bureau of Guizhou Province" and "Guizhou Administration of the Ministry of Electronic Industry."

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

It is worth noting that Anlu Technology, which successfully entered the Guan Kechuang Board in May this year, as the first share of the FPGA chip, the major shareholder is Huada Semiconductor, with a shareholding ratio of 33.34%. At the same time, Huada Nine days, the largest domestic EDA software company in China, is also associated with Huada Semiconductor.

Therefore, some people think that under the bridge of Huada Semiconductor, Huada Jiutian will cooperate with Anlu Technology on EDA tools. We should know that the FPGA chip is to program the hardware on the spot through the special EDA software, and then realize the application of specific functions such as network communication, consumer electronics, data center, automotive electronics, artificial intelligence and so on.

As for Chengdu Huawei Co-creation 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, with the corresponding subscription amount of 14.739 million yuan, while Wang Ning, Xie Xiuhua, Zhao Lianghui and others hold 13.59%, 6.77% and 5.8% of the shares respectively.

However, with the exception of Huang Xiaoshan, what role other people play in Huawei Electronics can only be revealed by waiting for the prospectus.

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

As a subsidiary of the national core group, Huawei Electronics also raised funds three times before opening the road to listing.

Tianyan survey shows that Chengdu Venture Capital launched a round of investment in Chengdu as early as 2011, and the amount of investment has not been disclosed. At the same time, Sichuan Development and CLP Capital Investment also carried out round B investment in June 2021, and CLP Capital Investment made round C investment in July 2021.

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 accounts for 55.832% of the shares, and Sichuan State-owned assets Management Investment Co., Ltd. is the second largest shareholder, accounting for 6.787% of 3 shares.

So far, there have been 40 outbound investment events in Chengdu. In August 2021, Chengdu Venture Capital participated in the A-round financing of Chengdu Bertek Biology. In addition, Chengdu Jiujin Technology, a maker of electronic measuring instruments, and Sichuan Sidi Information, a software radio company, are also new investment companies in Chengdu Venture Capital, which is already a new third board company.

In addition, Sichuan Development is a wholly state-owned enterprise funded by the Sichuan Provincial people's Government. Sichuan Provincial Party Committee and Sichuan Provincial Government are positioned as the only state-owned capital operation company in Sichuan Province with financial holding, industrial investment leadership and enterprise reform and development. At present, there are 123pieces of foreign investment and 107foreign investment funds. It can be said that it is both a GP, and a LP.

As for CLP Gold Investment, it is registered in Tianjin. On August 11, 2021, 500 million yuan was invested strategically in China Telecom to make it a blockbuster. It is worth mentioning that CLP is also the fourth largest shareholder of Huatian, an EDA company, with a shareholding ratio of 13.09 per cent. It should be said that holding a stake in Huawei Electronics is of strategic significance.

In addition to "Huawei Electronics" and Anlu Technology, which are intended to seek the listing of Science and Technology Innovation Board, the reporter saw that there are also FPGA enterprises in China, such as Yi Ling Si, Zhi Polycrystal, AGM Runge Core Micro, China Science and Technology Yihai Microelectronics, Beijing Micro Qili, and other FPGA enterprises, providing services that are programmable FPGA chips.

On Aug. 12, the 2022 campus recruitment, launched by byte jump, also showed that half of them were in the R & D category. 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.

Step Rixin, a partner of FPGA, Chuangdao Investment Consulting, said in an interview with Science and Technology Innovation Board Daily that the current domestic FPGA is not quite the same, some focus on the civilian field, and some focus on the military industry which has been seriously choked. "compared with the relatively popular CPU and GPU tracks in China, FPGA belongs to the first domestic landing segment, which is related to the characteristics of FPGA. It is mainly used in the product verification link of IC design, as well as some multi-category, small amount of various fields, so it is easier to break through from the downstream client."

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

Looking at the global field, Ma Chao, an expert in financial science and technology, told Science and Technology Innovation Board Daily that in the past year, the chip industry is really interesting. Nvidia acquired ARM,AMD and Lingsi, Nvidia turned to cloud data centers, and AMD turned to artificial intelligence, indicating that both sides are attacking each other's hinterland. But 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 come to the fore in the field of AI recently. The so-called embedded FPGA (Embedded FPGA), refers to the integration of FPGA into SOC. In this process, the number of logic gates of FPGA, the size of Memory and the computing power of DSP can be defined.

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