Domestic FPGA leading company Anlu Technology Technology Innovation Board IPO will pass

On July 5, the Shanghai Stock Exchange website announced the results of the 45th deliberation meeting of the Science and Technology Innovation Board Listing Committee in 2021. Shanghai Anlu Information Technology Co., Ltd. first issued it and met the issuance conditions, listing conditions, and information disclosure requirements.

The main business of Anlu Technology is the research and development, design, and sales of FPGA chips and dedicated EDA software. The company's FPGA chip products currently form a product matrix consisting of SALPHOENIX high-performance product series, SALEAGLE cost-effective product series, and SALELF low-power product series, which are widely used in industrial control, network communications, consumer electronics, data centers, and other fields.

According to the prospectus, all of the company’s current operating income comes from FPGA chips. In 2020, the SALELF low-power product series will account for 72.79% of the total revenue. The SALPHOENIX high-performance product series has begun to contribute part of the revenue. While ensuring low-power products and cost-effective products, it is also expanding its business to high-performance products.

After years of continuous research and development, Anlu Technology has become a leading supplier of FPGA chips in China, and one of the few qualified suppliers certified by many international leading communication equipment vendors. The company's TangDynasty software is a dedicated EDA software for FPGAs that is used in the entire process of self-developed FPGAs in multiple industries.

According to Frost&Sullivan data, in terms of shipment volume statistics, in 2019, the company's FPGA chips ranked fourth in the Chinese market and first among domestic brands. In 2020, the company's product shipments exceeded 20 million units.

Anlu Technology stated that in the next three years, the company’s development plan is to adhere to independent innovation, deepen the needs of the Chinese market, increase R&D investment in the four directions of chip architecture, system integration, manufacturing technology, and dedicated EDA software, organize technical research, and enrich Upgrade the FPGA product line, continue to expand its leading advantages in industrial control, network communications, consumer electronics, and other markets, and actively explore emerging markets such as data centers, artificial intelligence, and autonomous driving to meet the wide-ranging demand for FPGA products in China’s domestic civilian product market. Large overseas customer support has promoted high-quality Chinese FPGA products to the world.

In terms of chip architecture, the company has developed the first-generation PHOENIX FPGA architecture that supports up to 600K logic array capacity and is developing the second-generation PHOENIX2 FPGA architecture that supports logic capacities above 1KK and has good array scalability.

In terms of system integration, based on the first generation of small-capacity FPSoC chips, the company will deploy next-generation FPSoC chips from the two directions of low power consumption and high performance, integrating CPU, FPGA, and dedicated data processing modules to meet future application market trends.

In terms of the manufacturing process, the company's mass-produced products mainly use a process from mature 55nm to advanced 28nm and is developing a more advanced FinFET process product design process to further expand the company's product selection space.

In the direction of dedicated EDA software, the company will upgrade the software core algorithm for the PHOENIX2 architecture, and develop system-level software compilation tools for FPSoC chips, effectively supporting a rich product line of hardware products. The continuous R&D investment in these technical directions will lay a solid foundation for the company to expand its leading advantages in domestic traditional markets and emerging markets.

Anlu Technology’s public offering of shares this time plans to raise funds to focus on the new generation of field programmable array chip R&D and industrialization projects, field-programmable system-level chip R&D projects, and accelerate the company’s technology and product upgrade and optimization. Now the company has passed the meeting smoothly. It indicates that we are further away from the successful listing, which is gratifying.