(Report produced by Author: Caitong**, Zhang Yimin).
1.1 Deeply cultivated SoC design, and platform-based design capabilities have been formed
More than 20 years of experience in large-scale integrated circuit design. Founded in 2001, Rockchip has been deeply engaged in large-scale integrated circuit design for more than 20 years. In 2001, the company launched the repeater chip, with its exclusive audio processing technology in the domestic market share;In 2006, the company launched the RK2606 digital multi-processing chip, which introduced the concept of the first product into the domestic market for the first timeIn 2009, the company took the lead in launching the Android system tablet computer chip, and the products were further high-endIn 2014, the company strategically transformed into the IoT market, and in 2015, the company and Google jointly released a Chromebook terminal product with a built-in RK3288-C chipAfter 2016, the company's chip products have gradually diversified, covering a wide range of downstream applications such as mobile phones, tablets, TV boxes, personal computers, vehicles, smart homes, and more. At the end of 2021, the company launched the latest high-end flagship chip RK3588, and in 22 years, the company launched the visual processing RV series products, and the company's general computing platform series products, visual processing and supporting chip matrix are expected to be further enriched in the future.
1.2 The industry continues to invest in the downward cycle and build up the future
The industry is cyclically declining, and the operating performance is under pressure in the short term. From 2018 to 2021, the company achieved operating income. 1.9 billion yuan, a year-on-year increase. 32%、 45.95%, the growth rate continues to increase. In 2021, the structural shortage of the industry brought expansion opportunities to the company, and a wide range of downstream applications helped the company's operating income grow rapidly. In 2022, the company achieved an operating income of 20300 million yuan, down 2534%；Net profit attributable to the parent 29.7 billion yuan, down 5.0 billion year-on-year66%。The main reasons are: on the one hand, the downstream consumer market demand of the industry is sluggish, and the market demand in 2022 will decline sharply compared with 2021;On the other hand, due to the industry-wide shortage in 2021, customers increased safety stock, and in 2022, the main goal was to destock, resulting in a decrease in orders. The decline in demand and the pressure to destock continued into Q1 2023, entering 2023, the company.
In the second and third quarters, revenue continued to grow quarter-on-quarter, with a total operating income of 145.5 billion yuan, down 732%；Net profit attributable to the parent company was 07.7 billion yuan, down 7.2 billion year-on-year10%。
Profitability has been steadily improving for a long time, and the industry business cycle has affected the short-term downturn. From 2016 to 2019, the company's gross profit margin was: 13%, a slight increase continued. Mainly due to the successful transformation of the company, the proportion of revenue from high-margin products such as the RK33XX and RK32XX series of intelligent IoT application processor chips increased, driving the company's overall gross profit margin growth. In 2022, there will be an oversupply of chip products, and the cost of the upstream chain will increase, resulting in a slight decline in the company's gross profit margin to 3768%, the downward pressure on profitability continues into Q1 2023, entering 2023, the company.
The gross profit margin in the second and third quarters continued to grow quarter-on-quarter, and the company's gross profit margin in the third quarter of 2023 was 3481%, down 366pcts。From 2016 to 2021, the company's net profit margin increased steadily, reflecting the gradual increase in the company's profitability, while in 2022, the company's net profit margin was also affected by the industry business cycle, a year-on-year decrease of 751pcts, up to 1463%, and the company reported a net profit margin of 5 in the first three quarters of 202332%, down 1226pcts。
The decline in revenue volume led to an increase in the expense ratio during the period, which affected the net profit margin in the short term. From 2016 to 2022, the overall expense ratio of the company's sales, finance, and administrative expenses remained at about 6%, which was relatively stable. As of 2023Q3, the company's sales, management, and financial expenses are: 74、-0.$1.4 billion, with expense ratios of $1.4 billion. 09%、-0.96%, the increase in expense ratio during the period was mainly due to the decline in revenue growth.
Pay attention to the technical foundation, continue to invest in R&D in the downward cycle, and grasp the initiative in the development direction. The company's R&D team has rich experience and technical personnel in processor and digital-analog hybrid design, multi-processing technology, image algorithms, artificial intelligence, and system software development. As of December 31, 2022, the company had 714 technicians, an increase of 38 over the previous year, accounting for 78 of the total number of employees03%。The company has maintained a high proportion of R&D investment for a long time, and from 2018 to 2021, the company's R&D expense ratio is . 18%、 20.63%, stable above 20%. From 2022 to 2023Q3, the company continued to invest in R&D in the downward cycle of the industry, and the expense ratio increased significantly. In 2023, the company will continue to invest in AI vision processing capabilities, RK3588 software and hardware design, and new processor IP, and the R&D expenses in the first three quarters of 2023 will be 40.1 billion yuan, and the R&D expense ratio reached 2756%。
1.3. Stable shareholding structure and experienced management
Mr. Li Min is the actual controller of the company, with a stable shareholding structure and long-term incentives released by the employee stock ownership platform. Mr. Li Min and Mr. Huang Xu, the controlling shareholders and actual controllers of the Company, confirmed that the Concerted Action Agreement will not be renewed after its expiration on February 7, 2023. This change in equity will lead to the change of the controlling shareholder and actual controller of the company from Mr. Li Min and Mr. Huang Xu to Mr. Li Min. As of 2023Q3, Mr. Li Min directly holds 3773%, the largest shareholder of the company, Mr. Li Min also holds Xiamen Runkexin Investment Management Partnership, which holds 676% equity. Tengxing Zhonghe, Puxinda, and Xinhan, shareholders of Rockchip, are employee shareholding platforms set up by the company, holding a total of 5% of the company's shares7%。
The management has rich experience, and the core technical personnel have been deeply involved in the industry for many years. Mr. Li Min is the founder of the company and serves as the chairman and general manager of the company, and has a leading role in the daily operation and management of the company. The company's senior management personnel have rich management experience, and have worked in many semiconductor and industrial investment companies at home and abroad, and have unique insights into the development of the industry. The core technical personnel have a stable structure and many years of experience, continue to provide professional support for the company's technology research and development, promote the company's innovation and progress, and ensure the company's growth momentum.
2.1 The demand for edge computing power is increasing, and the company's product architecture is advancing simultaneously
The scale of global computing power has maintained a rapid and stable growth trend. In the era of intelligent connectivity, the massive data torrent and the demand for diverse applications have driven the scale of computing power to increase exponentially. According to the China Academy of Information and Communications Technology, the total scale of global computing power will reach 615eflops in 2021, of which the scale of basic computing power, intelligent computing power, and supercomputing power will be 369eflops, 232eflops, and 14eflops, respectively. Combined with Huawei's GIV ** 2030 YB data era, the global computing power scale will reach 56 zflops, with an average annual growth rate of 65%, of which the scale of intelligent computing power will reach 525ZFLOPS, with an average annual growth rate of more than 80%. The scale of China's computing power continues to expand. According to the data of the Academy of Information and Communications Technology, the total scale of computing power in China will reach 202eflops in 2021, accounting for 33% of the world's total. According to IDC, the scale of China's intelligent computing power will reach 1271 in 20264felops, with a projected CAGR of 52 during 2021-202629%。
Driven by terminal intelligent computing, there is a huge demand for computing power at the edge. IDC predicts that in the next five years, investment in edge computing power will grow much faster than cloud computing power, and by 2025, the proportion of global edge computing server spending in the total server will increase from 144% to 249%, and the scale of edge computing power will continue to expand. According to Huawei's estimates, by 2045, when computing power deployment reaches the mature stage, the cloud and edge will account for 55% and 35% of the global computing power, respectively. With the advent of the Internet of Things era, edge computing will become an indispensable part of the 5G era due to its advantages of high security, low latency, and low bandwidth cost. According to data from Yiou Think Tank, the scale of China's edge computing market will reach 622 in 20224.1 billion yuan, of which the scale of the edge hardware market reached 4118.8 billion yuan, and the market size of edge software and services reached 2105.3 billion yuan, and the market size of the edge industry is expected to grow at a compound annual growth rate of 46 from 2021 to 202581%。
In line with the trend of computing power, Rockchip's edge product strength ranks among the forefront of the industry. Under the trend of continuous growth in the demand for computing power in the industry, terminal SOC chip products with large computing power have become the key to adapt to industry changes. At present, Rockchip's latest flagship product, the RK3588 series, uses 8nm advanced process process, and ranks among the world's first echelon in terms of core, main frequency, computing power, and audio codec format support.
Keeping up with technological developments, the company uses the most advanced ARM architecture of the past generations. In 2014, the company launched its flagship chip, the RK3288, powered by CortexA17The newly launched RK3399 in 2016 is equipped with Cortexa72+A53 large and small core structures, broadening more than 100 application scenariosIn 2021, the company launched the new 8-core RK3588, which uses the highest-efficiency A-series application processor, and improves its CPU performance by 344% compared with the company's previous generation of flagship chip RK3399 with Cortex-A72.
The built-in NPU is continuously iteratively upgraded. Rockchip's first-generation NPUs were originally used in the RK3399PRO and RK1808 series, and the second-generation was upgraded to improve the overall utilization efficiency of the NPU. The third-generation NPU is equipped with a new self-developed architecture, and the self-designed neural network processor has been greatly optimized in terms of deep learning computing capabilities, so that the chip has the characteristics of high performance, low power consumption, high integration, and small size, which meets the front-end intelligence needs of the Internet of Things. Company npu30 Through the blessing of different algorithms, a variety of IoT scenarios such as face tracking, body tracking, * monitoring, voice recognition, image classification, and driving assistance can be realized. In February 2022, the company officially released a new generation of vision solutions RV1106 and RV1103, with built-in self-developed NPUs and support for INT4, IN8, and INT16 hybrid quantization, of which INT8 has a computing power of 05tops, int4 computing power up to 10tops。
Based on the excellent product strength of Rockchip's main control chip, a number of customers' new products are equipped with Rockchip's new generation computing platform: Home computing host: China Mobile released the TCN200 home computing host, equipped with Rockchip's flagship chip RK3588, which is a new species for the computing power era. The TCN200 computing power host is a home storage center, with a storage limit of up to 40T, and data is stored locally, realizing the function of a digital asset safe through multiple encryptionAt the same time, TCN200 is a home computing center, which can realize the local loading, management and scheduling of home computing tasks and data storage, and make ordinary lot devices intelligent with one clickAs a home service center, TCN can realize the flow of screens with people and between large and small screens through multi-device collaboration, achieving end-to-end collaboration and interconnection, helping to create rich home intelligence scenarios.
NAS Network Attached Storage: QNAP has officially launched the TSA642, a next-generation intelligent NAS dedicated device equipped with Rockchip's flagship RK3588 chip, which greatly improves computing performance. Based on the 6TNPU computing power of the RK3588, the TS-AI642 greatly improves the computing efficiency of intelligent people recognition, image analysis, and intelligent video surveillance, making it an excellent file and data centerAt the same time, the TS-AI642 has strong expansion capabilities, and the TS-AI642 comes with 25GbE port for 10GbE network expansion via PCIeGen3 interface, TL-D1600S, or TR series expansion enclosuretsai642 also provides a comprehensive backup and disaster recovery solution, and supports many mainstream cloud services, making it easy to build hybrid cloud applications.
2.The amount of 2-tone ** data has surged, and the advantages of codec technology have helped the company to open up the market
In the era of the Internet of Things, the amount of audio data has increased significantly. Real-time data such as industrial manufacturing and security have brought the demand for audio monitoring and two-way intercom, which has promoted the main growth of audio data. According to IDC**, the global data volume will grow at an annual rate of 30% to 175ZB by 2025, with a large amount of new traffic coming from non-entertainment industries, camera acquisition industries, and machine vision, digital twin applications will become important and traffic. At the same time, with the increasing number of Internet users, the scale of industries such as network**, online live broadcast, and audio entertainment has gradually expanded, and as of June 2023, the scale of network** users is 104.4 billion people, an increase of 13.8 million from December 2022, accounting for 96 percent of the total number of Internet users8%。
Mature codec technology has given rise to multi-field, high-performance products. The company has a deep technical accumulation and development experience in audio coding, and in the face of the rising demand for audio codec, the company has formed a rich product matrix to meet customers' needs for high definition and high performance products.
3.1 AIoT is blooming, and the company continues to explore the incremental market
AIoT has achieved comprehensive empowerment of the real economy, and the industry growth trend is clear. According to IoT Analytics data, the number of IoT connections worldwide reached 14.4 billion in 2022 and is expected to grow to 29.7 billion at a compound annual growth rate of 16% from 2023 to 2027.
3.1.1 Smart Home
AIoT is integrated, intelligent, and automated to empower home facilities, and the smart home market is broad. According to IDC data, China's smart home device market shipped more than 2200 million;According to QYRESEARCH, China's smart home shipments will exceed 500 million units in 2026.
The market potential for household cleaning machines is huge. Taking sweeping robots as an example, sensors and smart chips are used to perceive the home environment, plan cleaning paths, and open a path of rapid sales growth with a good user experience. At present, the penetration rate of sweeping robots in China is only 69%, lower than 15% in the United States, 8% in Germany and Japan, the domestic sweeping robot market still has a lot of room for growth compared with overseas. With technological innovation, product practicability and cost performance improvement, the demand for sweeping robot products is expected to grow. In response to the technical pain points such as intelligent planning, interactive technology and object recognition of sweeping robots, the company has launched a series of solutions. The RK3326 implements VSLAM algorithms on the CPU GPU side to locate and build maps based on the environment captured by the cameraThe company's current RK3308, which is widely used in intelligent sweeping robots, focuses on intelligent voice interaction and laser navigation technology, adopts a 64-bit Cortexa35 architecture, and is equipped with a hardware voice detection module, which has both low power consumption and high performance.
The high-definition and intelligent demand for intelligent security monitoring market is driven by upgrades. The security chip includes the front-end network camera IPCSOC and the NVRSoC of the network recorder, and the front-end IPC chip realizes real-time capture and identification of objects, intelligent monitoring system, and automatic identification of abnormal situations. IPCSOC has become a trend to integrate ISPs and encoding modules as well as AI processing engines, and the company's next-generation security front-end solutions, RV1106 and RV1103, use self-developed ISP32. The pixels can reach 500W and 400W respectivelyThe self-developed NPU realizes high-computing power edge processing, supports a variety of image processing technologies (HDR, WDR, multi-level noise reduction, etc.), supports intelligent encoding, and saves storage space while the picture is high-definition.
With the high-definition of the front-end camera, the back-end NVR has been upgraded in terms of data processing and display, and the storage management technology has also been continuously improved, such as supporting more hard disk interfaces, supporting RAID technology, and supporting the compatibility of storage technologies such as DAS, SAN, NAS, etc. At the same time, large-capacity centralized storage will bring power consumption difficulties, and high-power chips will reduce system stability. In response to the above problems, the company launched the latest application solution of RK3568 3588NVR, in which RK3588 supports 2 channels of 320M access ** storage;It supports up to 32 channels of 1080p30 decoding and 16 channels of 1080p30 encoding, and single-channel 3200WIPC accessIt adopts self-developed power consumption control technology to stabilize the system operation and supports PCIe cascade.
3.1.2 Smart terminals
Promote digital transformation and rapidly iterate and upgrade the requirements of commercial visualization. Smart office, smart education and other scenarios to promote the growth of electronic whiteboards;**Invest in the construction of smart cities, the demand for small-pitch LEDs is strong, and large-screen displays still have growth momentumAfter the epidemic, professional customized advertising machine products and large-size commercial TVs in the catering, hotel and retail industries are expected to usher in a new round of growth. According to IDC data, it is estimated that the shipment of LCD products in China's commercial display market will reach 9.01 million units in 2022, a year-on-year increase of 11%, and the interactive electronic whiteboard market will increase by 19% year-on-year9%, advertising machine increased by 24% year-on-year4%, and commercial TV increased by 5 year-on-year1%。According to The Business Week, the global facial recognition market reached 44 percent in 2021$700 million, and the market is expected to grow at 17The compound annual growth rate of 8% increased to about 165$900 million.
The company has improved the layout of the commercial market, launched targeted solutions at different levels, and expanded the market depth. The PX30 in the company's commercial display entry-level chip is equipped with a quad-core Cortex-A35 and a dual-core Mali-G31GPU, with rich expansion interfaces, which can be expanded to a variety of displays to meet different application scenarios. The mid-range chip RK3368 is mainly used in self-service vending machines and other products, and the RK3568 is a general-purpose SoC, quad-core A55 architecture, built-in independent NPU, and supports three-screen different displays, which is suitable for advertising machines, self-service terminals, vending machines, face recognition and other scenarios. High-end chips include RK3288, RK3399 and RK3588, of which the company's latest flagship chip RK3588 is currently the most cost-effective chip that supports 8K decoding output.
In terms of AI face recognition applications, the company's face recognition solution RV1126 is equipped with a third-generation self-developed ISP, which uses 3-frame HDR and dynamic AE algorithms, which can clearly identify people and objects in various complex light source environments, and can be applied to intelligent attendance equipment, access control equipment, turnstiles and other products.
In terms of smart education applications, Rockchip has joined hands with NetEase Youdao to jointly create the flagship product of the dictionary pen industry, Youdao Dictionary Pen X6 Pro, which adopts Rockchip's new generation of consumer electronics solution RK3562, which greatly improves AI interaction capabilities and can also achieve 100 days of ultra-long standby. The CPU of the RK3562 is quad-core A53, the GPU is ARM G52, and the built-in self-developed NPU provides 1TOPS computing power, which can meet the needs of various AI function expansion requirements of terminal products, with high performance and low power consumption.
3.2. Lay out the metaverse and explore a new journey of automotive SoC
3.2.1 ar/vr
5G, AI, Internet of Things, blockchain and other technologies have given rise to the development of the metaverse, and virtual reality devices have gradually penetrated into the exploration entrance. The metaverse aims to experience a real digital life and an immersive experience of the virtual world. Extended reality equipment is a key device to enter the metaverse, and Internet companies and hardware manufacturers at home and abroad are accelerating their layout. Meta carried out XR device layout as early as 2014, acquired Oculus and launched the VR social platform;Apple's MR device, Vision Pro, was released in June 2023 and is equipped with a self-developed M2 chip that provides powerful computing powerByteDance, a domestic Internet company, acquired the VR brand PICO, and vigorously promoted it relying on platform traffic, with brands such as Xreal, Thunderbird, and Goovis emerging. According to WellSenn XR **Global VR shipments will be at 5623% CAGR to 350000 units by 2030;Global AR shipments will be held at a pace of 17204% CAGR to 126,000 units by 2030.
In cooperation with Visionvision, the RK3588 chip will be fully adapted to Visionvision's mainstream AR glasses products, including various forms (all-in-one and split). The XR products of the new flagship chip rely on dual high-definition displays, high-performance GPUs, and built-in high-computing power NPUs to calculate user location and status in an ultra-short time, ensuring low latency and high refresh. Combined with the VSLAM algorithm, XR system optimization, complete algorithms, and underlying SDKs, the RK3588's XR solution will bring a more immersive interactive experience.
In cooperation with XRANY, the RK3588S chip will be used with the XRANY X1, a professional AR glasses dedicated to cultural tourism exhibition scenes, which can bring a shocking spatial visual experience and help promote the digitalization of the cultural tourism industry. Powered by the RK3588S's powerful computing platform, the AR smart glasses terminal XRANY Space1 has high computing power, high performance, and powerful visual processing capabilities. Relying on the fully self-developed spatial algorithm to meet the needs of spatial computing, it can realize accurate virtual and real scene reproduction, three-dimensional scene construction, large-space point cloud map and six-degree-of-freedom (6DOF) full-reality experience, providing users with a more stable and smooth spatial vision and interaction experience.
3.2.2 Smart Cockpit SoC
Consumers' definition of automobiles has changed from a means of travel to a "third space" outside of office and life, and personalized and intelligent living space has become the mainstream demand. The user's habit of electronic products will guide the scene shift of the cockpit of the smart car, and the interaction mode will be upgraded from physical buttons to voice and gesture interaction, so as to realize autonomous and semi-autonomous decision-making of driving. At present, traditional car manufacturers, new forces and Internet cross-border manufacturers rely on cooperation or self-development to deploy intelligent cockpits. According to IHS statistics, the penetration rate of intelligent cockpit configuration in the Chinese market in new cars in 2020 is about 488%, and it is expected to exceed 75% by 2025. The SoC chip is highly integrated with CPU, GPU, NPU and AI processing unit, with strong computing power and wide range of hardware extension, to meet the needs of a single chip to drive multiple on-board displays, and is currently the main solution for automotive intelligent cockpits.
The company's automotive-grade chips and intelligent cockpit chips mainly include RK3308M, RK3358M, RK3568M and RK3588M, and has formed a product series covering low-end to high-end applications. Among them, the RK3308M is based on the company's self-developed audio algorithm, which is an upgrade solution for automotive audio processingThe RK3358M is available for full LCD meters, supports Linux and Android operating systems, and QNX hypervisor, making it suitable for entry-level dual-screen applicationsRK3568M supports dual-screen and even three-screen applications such as navigation, screen projection, and **M all-in-one machineThe latest intelligent cockpit solution, the RK3588M AI computing power, supports deep intelligence in the cockpit, supports 8K** encoding and decoding, dual 16M ISP+ 12-channel cameras, and adds a 360° surround view algorithm to realize real-time presentation of the external environment of the car and ensure driving safety. At present, the above products have been introduced into the terminal, and it is expected to see continuous increase in volume in the future.
Rockchip and Farben jointly launched a localized intelligent cockpit solution, which is based on Rockchip's self-developed automotive-grade cockpit chip RK3588M, and is equipped with Farcaros, a self-developed intelligent cockpit software platform developed by Farben. The hardware supports one core multi-camera and multiple screens, with a CPU computing power of more than 90kdmips, and a single chip drives multiple screens such as full LCD meters, infotainment systems, internal and external electronic rearview mirrors, headrest screens, and ceiling pixel lights. With the support of 4-core GPU and 6TOPS NPU computing power, in addition to the common navigation, entertainment and voice interaction in the automotive field, it also supports AI and innovative business functions such as 360 surround view, DMS eye tracking (which can be used for HMI interaction and games), health monitoring (non-contact perception of human health), cloud gaming (no need for local and free games).
3.3 The application of power management is expanding, and the fast charging aftermarket is poised to take off
The company's power management chips are mainly used as processor matching chips, with built-in multi-channel LDO and DCDC power supplies, which can accurately control the electrical timing and output voltage for the power supply of the processor. The self-developed power management chips include the RK80X series and the RK81X series, which are adapted to their own SoCs, improve the completeness of the solution, reduce customer procurement costs, and further enhance the overall competitiveness of SoC products. The penetration rate of fast charging has risen, and the cancellation of standard charging heads by mainstream manufacturers has brought substitution opportunities. Fast charging can solve users' needs for hardware battery life, and the fast charging market is developing rapidly. Apple, Samsung, Xiaomi and other mainstream manufacturers have successively eliminated the free charging head, which is expected to drive the rapid development of the aftermarket market. According to the analysis of the China Business Industry Research Institute, the total shipments of the global wired charger market in 2022 will be about 26100 million pieces, with a market penetration rate of 95%.
At present, the company's fast charging products include three series: mobile phone adapter chips, mobile phone terminal chips and multi-protocol fast charging adapter chips. At the end of 2016, the company reached a strategic cooperation with OPPO to develop a low-voltage, high-current, and highly integrated fast charging management chip RK82X based on the patented VoOC flash charging technology. Among them, the RK825A is a 20WVOOC flash charging chip, which is used in some models of the OppoFind series, R series, U series, A series and OnePlus mobile phones. The RK825B is a 50WSuperVoOC chip for automotive and retail applications. Recently, the company has also launched the general-purpose fast charging protocol chips RK835 and RK837, which support the PD QC VOOC protocol and achieve fast docking with various power chips.
4.1. Adhere to the self-research of core technologies and develop the comprehensive construction of ecology
The rapid and multi-faceted rise of the AIoT industry has brought fragmented downstream application scenarios and needs. There are many types of Internet of Things terminals, and there are a variety of network communication methods and application platforms, which is a great test of the company's technical self-research capabilities. Taking IP as an example, although the general IP design is more complete, the design of the company's self-developed IP is more in line with market needs, reducing the redundant design beyond the required functions, and the area size is significantly reduced. The self-developed IP kernel reuse rate is high, which can shorten the product update and iteration cycle, greatly improve product performance, and reduce the company's licensing fee asset amortization. The company continues to develop basic core IP, and constantly updates and iterates in the direction of NPU, ISP, high-performance codec, and post-processing.
The software determines the degree of chip performance and the convenience of customer development. The company focuses on application software development, and as of June 30, 2023, the company has a total of 238 software copyrights. The company's market-oriented, intelligent application processor chip products can support Android, Linux, RTOS, AAOS and a variety of domestic operating systems and various extended versions of Linux, with high compatibility, which is conducive to the expansion and secondary development of different product application fields. In addition, the company has also established a complete software and hardware development ecosystem. TOYBRICK, the official platform for development boards based on the RK3399PRO, not only provides developers with sources and development tools, but also provides product-based introductory courses, hardware design references, technical documentation, and instant technical support within the community, lowering the development threshold for customers. Terminal manufacturers can use a chip to carry out a global product line layout, control the cost of development and shorten the mass production cycle;At the same time, the stronger plasticity of the open source system will also help customers build brand differentiation.
Rockchip has cooperated with Yingma to launch the SOM3588 core module and EVM development kit equipped with RK3588 chip, which is equipped with rich peripheral interfaces. The more open RK3588 will be suitable for scenarios such as smart cockpits, smart large screens, AR VR, edge computing, high-end IPC, NVR, high-end tablets, and ARMPC. The EVM board supports Android 120, ubuntu, debian11, buildroot, ros1 ros2 and other systems, providing a safe and stable system environment for product research and production.
4.2 The flagship chip RK3588 opens a new era of high-end computing power
The Rockchip3588 is an octa-core 64-bit processor manufactured using an 8nm advanced process. The quad-core Armcortex-A76MPCORE processor and the quad-core ARMcortex-A55MPCORE processor are high-performance, low-power, cached application processors. RK3588 has significant technical advantages in computing, perception, multi-technology, display, connection, operating system, etc.
High computing power and superior energy consumption ratio. The RK3588's triple-core NPU architecture can work collaboratively or independently, and is supported by the company's AI development kit RKNNSDK, which can support general-purpose computing, AI computing, and heterogeneous computing, with a comprehensive computing power of up to 60tops。With its strong compatibility, the RK3588 can convert network models based on different frameworks. It uses an 8nm process technology and integrates more than 6 billion transistors on the chip, which greatly reduces power consumption. In terms of perception, the RK3588 supports multi-camera, hexa-eye surround view, and high-quality audio, introducing a 48-megapixel ISP30, which can realize lens shadow correction, 2D 3D lens noise reduction, wide dynamic contrast enhancement, and improve image quality, which is suitable for security, commercial display, and AR VR fields.
The multi-core image IP architecture empowers the latest self-developed *** encoding technology. RK3588 can achieve 8K ** co-editing and co-desolation, and supports up to 12K ** output and four-screen display, which is compatible with domestic and foreign ** content. At the same time, the upgrade of encoding technologies such as AI sensing coding, multi-ROI, low-latency coding, and intelligent bitrate control provides more optimized performance for specific scenarios such as security and other applications. At the same time, the RK3588 supports Gigabit Ethernet interface, WiFi6 and 4G 5G modules to ensure stable data transmission. Rich number and specifications of interfaces and compatibility of operating systems to fully meet the needs of customers in different fields. As an AIOT flagship chip with rich applications, the RK3588 provides developers with strong software compatibility, rich types of image, data, and storage interfaces, and supports high-standard and high-performance specifications such as 5500Mbps for LPDDR5 and 4 for MIPICSIDPHY5gbps、2.Mipicsicphy at 5gops, HDMIIN at 4K60fps, HDMI2 at 8K60fps1 etc. The RK3588's powerful performance, multi-core architecture, and rich interfaces make it widely used in high-end tablets, armpcs, smart cockpits, IPC, NVR, smart large screens, virtual augmented reality, and edge computing.
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