Recently, Jingjiawei issued an announcement that the fundraising project to be terminated by the company is a "general-purpose chip research and development and industrialization project for the consumer electronics field", and the remaining raised funds of 113.45 million yuan will be permanently supplemented with working capital for the company's daily production and operation and business development.
According to the announcement, in 2018, Jingjiawei plans to raise 1.08 billion yuan for the research and development and industrialization of general-purpose chips for the consumer electronics field, the research and development and industrialization of high-performance general-purpose graphics processors and supplementary working capital.
At that time, the domestic consumer electronics market was in a stage of rapid development, which was a hot spot in the domestic electronic product market and was expected to have good prospects for development. JingJiawei believes that the company has broken through several key technologies with years of chip research and development accumulation and developed general-purpose chips such as general-purpose MCU chips, BLE Bluetooth low energy chips, Type-C&PD interface control chips, etc., and constantly developed the company's market layout in the field of consumer electronics.
However, in recent years, the consumer chip market has undergone great changes, the market concentration has gradually increased and is still in an upward trend, European and American companies occupy the main market in the high-end field, domestic enterprises are mainly concentrated in the field of low-end products to compete, bargaining power is low, while the growth rate of consumer chip terminal applications such as smart phones, PCs and other consumer terminal applications slowed down and consumers for the diversification of application demand, resulting in downstream consumer chip market demand uncertainty and product development projects risk further increased.
IT Home learned that Jing Jiawei said that in order to further focus on the development of the main business of GPU chips and improve the efficiency of the use of raised funds, the company decided to terminate the project after careful consideration, and permanently supplemented the remaining raised funds into working capital.
Jing Jiawei said that after a long-term layout and accumulation in the civilian field, the company has established friendly cooperative relations with major domestic computer manufacturers, jointly built a localization computer application ecology, and passed the test of the market with excellent product strength. Therefore, the company has a deep accumulation in the industrialization of domestic GPUs. On this basis, the company will further improve the management level, improve the efficiency of management and research and development, and continuously enhance the company's core competitiveness.