Jiwei Network News On March 7, according to the disclosure announcement of the Shanghai Stock Exchange, Hengshuo Semiconductor (Hefei) Co., Ltd. (hereinafter referred to as Hengshuo Shares) will be launched on the Science and Technology Innovation Board on March 14.
It is understood that Hengshuo Co., Ltd. is an integrated circuit design enterprise whose main business is the research and development, design and sales of memory chips and MCU chips. The company's existing main products include NOR Flash memory chips and general-purpose 32-bit MCU chips based on the Arm Cortex-M0+ core architecture. At the same time, the company is also working on the development of a terminal inference AI chip based on NOR flash memory technology.
In recent years, Hengshuo Nor Flash chip sales revenue, shipments and market share have maintained sustained and rapid growth. From 2018 to 2020, the company's NOR Flash revenue was 0.99 billion yuan, 128 million yuan and 243 million yuan respectively, with a compound growth rate of 56.90% in the past three years, far exceeding the growth rate of the global NOR Flash market in the same period (3.30%); from January to June 2021, NOR Flash sales revenue (241 million yuan), it is expected that the annual revenue in 2021 will continue to increase rapidly.
With the characteristics of high reliability, low power consumption, good compatibility and low cost, Hengshuo co., Ltd. has continuously strengthened its market position and brand influence, and has gradually grown into one of the major NOR Flash suppliers in China. According to the global market size of NOR Flash in 2020, which is calculated by CINNO Research, the company's sales scale accounts for 1.50%.
At the same time, Hengshuo expanded the MCU product line in 2020, mastered the 55nm MCU design technology, and continuously upgraded and iterated related products. The company's current sales of MCUs are 32-bit M0+ core general-purpose MCUs, using 12-inch 55nm eFlash process technology, compared with the domestic M0+ series 130nm, 110nm and 90nm process MCUs, the chip area is small, low power consumption, built-in memory capacity is large and the cost is low.
In 2020 and January-June 2021, the company's MCU achieved sales revenue of 7.1773 million yuan and 25.2162 million yuan, and shipments of 12.7295 million units and 35.4675 million units, respectively, with a rapid sales growth rate. With the advantages of MCU product compatibility, high cost performance and low power consumption, the scale of MCU business is in a stage of rapid development.
Hengshuo said that since its inception, the company has always focused on the field of NOR Flash memory chips, and actively developed MCU chips that work with NOR Flash and INTEGRATED AI chips based on NOR Flash analog characteristics, providing customers with high-speed, low-power, cost-effective and high-reliability chip products and complete solutions and services for "storage + control".
In the future, the company will continue to upgrade the existing product process and new product research and development, continue to maintain product performance advantages, continuously improve the product structure, strengthen the company's competitive advantage, enhance market share, brand image and influence, become a domestic and international first-class integrated circuit design enterprises, and create value for end customers.
(Proofreading/New)