上市捷报丨沙利文助力上海韦尔半导体股份有限公司赴瑞交所成功发行GDR（WILL）

Shanghai Varithon Semiconductor Co., Ltd. (Stock Code:603501.SH) on2023year11month10The stock was successfully issued on the Swiss Stock ExchangeGDRand listedGDRListing Code:willThe company is committed to the design and research and development of high-performance chips. It is a global leader in chip design and the largest fabless semiconductor design company in mainland China by revenue, as well as one of the top ten fabless semiconductor design companies globally by revenue. Frost & SullivanFrost & Sullivan,The Frost & Sullivan report (hereinafter referred to as 'Frost & Sullivan') is issued by Shanghai Weil Semiconductor Co., Ltd. on behalf of the company's securities listing on the Swiss Stock Exchange.GDRAnd we are proud to offer exclusive industry advisory services through our listing. We would like to extend our warmest congratulations on its successful issuance.

Shanghai Varity Semiconductor Co., Ltd. (hereinafter referred to as 'Varity Semiconductor') was established on2023year11month10The stock was successfully issued on the Swiss Stock ExchangeGDRThis issuanceGDRTotal3,100Ten thousand shares, with an issue price of RMB per shareGDR14.4US dollars, approximately4.45billions of dollars. Wells Fargo shares this timeGDRThe offering is the largest overseas placement by a Chinese technology company to date this yearIPO listing, and also the semiconductor industry in China2005The largest outbound in yearsIPO listing.

On this trip to Switzerland for distributionGDRDuring the process, Frost & Sullivan mainly undertakes the following tasks: helping issuers accurately and objectively understand their positioning in the target market, using objective market data to discover, support, and highlight the issuer's competitive advantages, assisting in the writing of relevant parts of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, and other important sections) with the issuer, investment banks, and other intermediaries, facilitating communication with the Hong Kong Stock Exchange and investors, helping investors quickly understand the market ecosystem and competitive landscape, and assisting in the issuer's responses to various industry-related questions from the Hong Kong Stock Exchange.

Investment highlights

The company is committed to the design and research and development of high-performance chips and is a global leading chip design company;

The company is the largest fabless semiconductor design company in Mainland China by revenue;

The company is a fabless semiconductor design company ranked among the top ten global revenue earners;

The company is a global leaderCIScompany.

Global and China Semiconductor Market Overview

Over the past decade, the rapid development of mobile networks and the popularization of smart devices have been major drivers of innovation and growth in the semiconductor market. In particular, mobile phones have undergone a transformation from simple communication tools to devices rich in various functions that are crucial to our daily lives, driving innovation in advanced semiconductor technology. In addition, consumer electronics, next-generation vehicles, the Internet of Things,5GEmerging applications such as cloud computing and artificial intelligence, which are constantly developing, will further drive the growth of the global semiconductor industry over the next decade. The market size of the global semiconductor industry is from2018year4,689USD billion to2022year5,741billion US dollars, with a compound annual growth rate of5.2%, is expected to be7.5%The compound annual growth rate further increased, as2027Annual achievement8,238billion dollars.

Source: Frost & Sullivan report

Against the backdrop of long-term growth in the global semiconductor market, the semiconductor industry has also experienced rapid growth in China over the past decade. This was mainly due to the continuous development and transformation of the Asian semiconductor supply chain, growing demand, and support from the Chinese government. China has become a manufacturing center for consumer electronics and industrial equipment globally and is also the largest market for these applications. For example, China produces70%The above computers, televisions, and smartphones. At the same time, China is also the world's largest electric vehicle market.2021In 2021, China's electric vehicle sales accounted for more than half of the global total.

China's semiconductor industry has been expanding rapidly, with an expected growth rate exceeding that of the global market. The market scale of China's semiconductor industry has been2018year1,585billion US dollars to2022year2,009billion US dollars, with a compound annual growth rate of6.1%, and it is expected that it will further evolve into8.2%The annual compound growth rate is2027Year-on-year growth to2,974billion dollars.

Source: Frost & Sullivan report

globalCISMarket Overview

CMOSImage SensorCISIt can detect light waves and convert them into signals that contain optical information such as hue, saturation, and brightness. Its smallest sensing unit is the pixel. The number and quality of pixels determine the image quality of the sensor.CISIt is the most common type of image sensor, widely used in consumer electronics, automotive, home surveillance, medical applications, and various emerging fields.

globalCISmarket from2018year128USD billion growth to2022year181billion US dollars, with a compound annual growth rate of9.0%, is expected to be6.8%The compound annual growth rate further expanded, in2027Annual achievement252billion dollars.

Source: Frost & Sullivan report

globalCISMarket competition pattern

globalCISThe industry market is highly concentrated, according to a report by Frost & Sullivan, in2022Year, Global Top5Market share of major players reaches80%Among them, Weier Co., Ltd. is at2019 - 2022Ranked among the top three in the market for an average of over a year.

At the same time, Weier Co., Ltd. is globalCISThe company has a leading advantage in the segmented market, ranked first by revenue.2022World's third-largest mobile phone by shipmentsCISProvider, the second-largest automakerCISProvider, and the No.1 provider in global monitoring and healthcareCISProvider.

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Frost & Sullivan company inTMTThe firm has rich research experience and has assisted well-known enterprises in successfully listing on the capital market. Successful listings include: Conglian Technology （ NASDAQ:ICG ), smalliRobotNASDAQ: AIX), Jinshan Cloud Holdings 3896.HK), Haojing Technology2440.HK), Xuanwu Cloud Technology2392.HK), Huitongda9878.HK), innovative wisdom2121.HK), Shangtang Technology0020.HK), Qinhuai DataNASDAQ:CD), Mingyuan Cloud0909.HK), Genesis Group1849.HK), WeCom Group2013.HK), Wancala One Link1762.HK), Yaxin Technology1675.HK), Hongya Holdings1723.HKAurora MovingNASDAQ:JG), Jingguan Holdings8606.HK), Qiyi Technology1739.HK), WeCom Finance (2003.HK), Huifu Tianxia(1806.HK),Atlinks（8043.HK),Zioncom（8287.HK),ISP Global（8487.HK),Vobile（3738.HK), Aibo Technology2708.HK),iClick（NASDAQ:ICLK), Shengye Capital6069.HK), Anling International8410.HK), Anke Systems8353.HK), Junmeng International8062.HK), Feisida8342.HK),Future Data（8229.HK) and Asiy Backup8290.HK) etc.