Jiwei Network News, on December 17, CICC released a filing report on the initial public offering of shares and listing counseling of Longxun Semiconductor (Hefei) Co., Ltd. (hereinafter referred to as "Longxun Shares").
According to the disclosure, on November 30, 2021, Longxun co., Ltd. signed a listing counseling agreement with CICC, and it is expected to complete the counseling plan from January to February 2022, and prepare the application documents for the initial public offering of shares and listing on the Science and Technology Innovation Board.
It is worth mentioning that Longxun shares had planned to land on the Science and Technology Innovation Board, but due to the litigation dispute involving equity during the review period, on January 26, 2021, the company and the original sponsor submitted an application to withdraw the issuance and listing review. On January 27, 2021, the Shanghai Stock Exchange decided to terminate the review of Longxun shares. The Company intends to file a separate declaration after the litigation is resolved. On May 7, 2021, the People's Court of Hefei High-tech Industrial Development Zone in Anhui Province ruled to reject former employee Lei Ming's litigation claims, and the labor dispute was concluded.
Longxun Co., Ltd. is a high-tech enterprise specializing in integrated circuit design, with the main business of high-definition video signal processing and high-speed signal transmission chip and related IP research and development, design and sales. After more than ten years of R&D innovation accumulation, the company has developed a series of core technologies and chip products with independent intellectual property rights.
Longxun products include high-definition video signal processing and high-speed signal transmission chips two categories, more than 130 specifications and models, can support HDMI, DP/eDP, eDPx, USB/Type-C, MIPI, LVDS and other signal protocols or standards, product range is comprehensive, performance, power consumption, compatibility and other aspects in the industry advanced position. Products are widely used in consumer electronics, high-definition display, video conferencing, video surveillance, VR/AR, 5G communications and other fields, products are sold to Chinese mainland, Hong Kong, Taiwan, Japan, South Korea, the United States, Europe and other major economic regions around the world.
Longxun chip has entered Qualcomm, Ambarella, Intel, Samsung, Rockchip and other main chip reference design platforms, Apple (Apple), Cisco (Cisco), Poly, Facebook (Facebook), Logitech (Logitech), Garmin(Garmin), Foxconn, Skyworth, BOE, Oppo and other world-renowned customers began to choose the company's chip solutions, some customers have been small batches or formal mass production. The company's products have entered the supply chain system of well-known customers at home and abroad such as Hikvision, Dahua Shares, AndErson Precision.
(Proofreading/New)