On the evening of December 22, VeriSilicon issued an announcement disclosing the private placement plan, and the total amount of funds to be raised by issuing A shares to specific targets does not exceed 18100 million yuan (inclusive), the net proceeds will be used for the research and development project of Chiplet solution platform in the field of AIGC and smart mobility (hereinafter referred to as the "Chiplet research and development project") and the new generation of IP research and development and industrialization project for AIGC, graphics processing and other scenarios (hereinafter referred to as the "new generation IP project").
VeriSilicon said that under the wave of artificial intelligence, there is a huge gap in computing power, and the growth rate of the amount of data that needs to be processed far exceeds the growth rate of artificial intelligence hardware computing power. Based on this background, the AI industry has put forward higher computing power requirements for GPGPUs, AI chips, and related IPs. The chiplet solutions for high-performance computing chips and various high-performance IPs developed by the company are conducive to promoting China's independent research and development and design of high-performance computing chips in the context of the current overseas restrictions, and meet the growing demand for high-computing power technology in related markets. At the same time, it will also help the company to enrich the integrated circuit-related technologies and IPs required for R&D, expand the R&D team, further enhance the company's R&D soft and hard power, and promote the company's long-term development.
Specifically, the "Chiplet R&D Project" is expected to be implemented over a period of 5 years, with a total planned investment of 108,889300,000 yuan, focusing on the AIGC chiplet solution platform and smart travel chiplet solution platform, the main research and development results will be applied to the SOC in the field of AIGC and autonomous driving, and a complete set of software platforms and solutions for related fields will be developed. Through the development of chiplet technology, the company can give full play to the value of its advanced chip design capabilities and semiconductor IP R&D capabilities to a greater extent, combined with the company's rich mass production services and industrialization experience, not only can continue to engage in semiconductor IP licensing business, but also can be upgraded to a chiplet business, improve the company's IP reusability, effectively reduce the design cost and risk of chip customers, shorten the chip R&D iteration cycle, and help chip manufacturers, system manufacturers, Internet manufacturers and other enterprises are rapidly developing high-performance computing chip products, lowering the threshold for large-scale chip design, improving customer stickiness, and further improving the company's profitability.
The "new generation IP project" is expected to be implemented over a five-year period, with a total planned investment of 71,926380,000 yuan, on the basis of the existing IP, will be used to develop high-performance graphics processing unit (GPU) IP, AI IP, and a new generation of image signal processor AIISP with integrated neural network accelerator for AIGC and data center applications, iterate IP technology, enrich IP reserves, and meet the needs of downstream markets. The implementation of the project is conducive to giving full play to the company's existing technical advantages and product advantages, consolidating the company's market position in the industry, expanding market share, and laying a solid foundation for the company's sustainable development and becoming bigger and stronger.
VeriSilicon pointed out that a number of core technologies owned by the company provide technical support for the smooth implementation of this project. With excellent chip and semiconductor IP design capabilities, rich experience in related technology design and its own continuous R&D investment, the company has accumulated a large number of core technologies such as chip customization technology and semiconductor IP technology, and has formed a series of advanced platform solutions and IP subsystem platforms for specific application fields, and has achieved rich application experience and good market position in vertical application fields such as the Internet of Things, wearables, automobiles, and data centers.
In terms of one-stop chip customization, VeriSilicon has the design capabilities from advanced 5nm FinFET, 22nm FD-SOI to traditional 250nm CMOS processes, and has mastered the mainstream processes and special processes of major fabs around the world, and has successful tape-out experience in 14nm, 10nm, 7nm, 5nm FinFET and 28nm 22nm FD-SOI process node chips. VeriSilicon's chip design process has been certified to ISO 26262 for automotive functional safety management systems. Based on the company's advanced chip design capabilities, VeriSilicon has also launched a series of platform-based solutions for fast-growing markets.
To date, the company has six types of processor IPs, including GPU IP, NPU IP, VPU IP, DSP IP, ISP IP, and display processor IP, as well as more than 1,500 digital-to-analog hybrid IP and RF IP for integrated circuit design. According to ipnest's statistics in April 2023, in 2022, VeriSilicon's IP licensing business market share ranked first in Chinese mainland and seventh in the worldIn 2022, VeriSilicon's IP licensing revenue ranked fifth in the world. According to ipnest's IP classification and public information of each company, VeriSilicon's IP types rank among the top seven IP companies in the world.
Among them, VeriSilicon's NPU IP has been used by 68 customers in more than 120 AI chipsVeriSilicon's GPU IP has been in the embedded market for nearly 20 years, and has cooperated with world-renowned leading companies in the field of automotive electronics, and has been widely used in in-vehicle entertainment systems, reconfigurable instrument clusters, and ADAS productsVeriSilicon's VPU IP has been adopted by 12 of the top 20 cloud platform solution providers in the world and by 3 of the top 5 Internet providers in ChinaVeriSilicon's image signal processor IP has been certified to the ISO 26262 automotive functional safety standard and the IEC 61508 industrial functional safety standard. VeriSilicon's other processor IP is also in the process of being certified to automotive functional safety standards. Based on VeriSilicon's abundant processor IP resources, VeriSilicon has also launched an intelligent pixel processing platform from camera input to display output, which is organically composed of VeriSilicon's six processor IPs, which is highly scalable and can meet different market segments from low power consumption (wearables) to high image quality (servers, data centers) HPC.
VeriSilicon emphasized that the company has deep core technology accumulation, rich R&D experience and solid R&D strength, which provides a solid technical guarantee for the smooth implementation of this fundraising project.
Editor: Xinzhixun-Rogue Sword.