Shanghai Anlu Information Technology Co., Ltd. (hereinafter referred to as 'Anlu Technology') successfully went public on November 12, 2021, issuing a total of 50.1 million shares at an issue price of 26.00 yuan per share.
The company is one of the leading domestic semiconductor and integrated circuit design enterprises, focusing on the research, development, design, and sales of FPGA chips and specialized EDA software. It possesses numerous core technologies in FPGA hardware design, specialized EDA software research and development, engineering testing, and application solutions. It is one of the first domestic companies to have the capability to design and mass-produce 28nm FPGA chips. The company has currently completed the verification of key FinFET process technologies, ranking among the top tier of domestic FPGA industry technology reserves.
Anlu Technology closely follows the industry development trends and downstream demand changes. Currently, it has formed the PHOENIX high-performance product series, the EAGLE cost-effective product series, and the ELF low-power product series. Its products are widely used in industrial control, network communication, consumer electronics, data centers, and other fields. The company continues to be committed to the research, development, and expansion of high-capacity, high-performance FPGA and FPSoC chips. With its leading R&D capabilities, long-term technical accumulation, reliable product quality, and excellent customer service level, the company has accumulated a good brand recognition and high-quality customer resources at home and abroad, with customer recognition continuously increasing.
Frost & Sullivan has long been monitoring the global and Chinese communications, semiconductor, and IT solutions industries, publishing a large number of research reports that are widely cited in the prospectuses of leading science and technology innovation board-listed companies in the industry, helping clients accelerate growth.
Global Semiconductor and Integrated Circuit Industry Overview
Semiconductors typically refer to a class of materials whose electrical conductivity is between that of conductors and insulators at room temperature. Common materials include silicon, germanium, gallium arsenide, etc. Under the influence of external factors such as light, heat, magnetism, and electricity, they can cause various physical effects and phenomena, thereby meeting the various performance requirements of electronic components. Semiconductors are widely used in consumer electronics, communication systems, photovoltaic power generation, lighting, high-power power conversion, and other fields, and are very important for the development of modern technology. Semiconductor products can be divided into four categories: integrated circuits, optoelectronic devices, discrete devices, and sensors. From 2016 to 2020, the global semiconductor industry market size grew rapidly from $338.93 billion to $433.15 billion, with an annual compound growth rate of 6.3%. In the future, with the continuous development of downstream markets, the global semiconductor industry market size will continue to grow, expected to reach $581.24 billion by 2025, with an annual compound growth rate of 5.5% between 2021 and 2025.
Global Semiconductor Market Size and Forecast, 2016 to 2025
Source: Frost & Sullivan report
An integrated circuit (IC) is a miniature electronic device or component that uses certain manufacturing processes to interconnect the transistors, resistors, capacitors, inductors, and other components required for a circuit on a small piece or several small semiconductor wafers or dielectric substrates. It is then encapsulated within a tube shell to form a microstructure with the desired circuit functionality.
As the largest segment of the global semiconductor industry, the integrated circuit market size has rapidly grown from about $276.7 billion in 2016 to about $354.56 billion in 2020, with a compound annual growth rate of 6.4% from 2016 to 2020. It is expected that the market will reach $475.03 billion by 2025, with a compound annual growth rate of 5.5% from 2021 to 2025.
Global Integrated Circuit Market Size and Forecast, 2016 to 2025
Source: Frost & Sullivan report
China's integrated circuit market size
In recent years, driven by demand in downstream communications, consumer electronics, automotive electronics, and other electronic products, the market demand for integrated circuits in developing countries led by China has continued to grow rapidly, becoming one of the most influential markets globally. The market scale of China's integrated circuit industry grew rapidly from 433.55 billion yuan in 2016 to 8928.1 billion yuan in 2020, with an annual compound growth rate of 19.8%. In the future, with the wave of intelligent upgrading of manufacturing, the demand for high-end chips will continue to grow, further stimulating the development and industrial migration of China's integrated circuit industry. The market scale of China's integrated circuit industry is expected to reach 1893.19 billion yuan by 2025, with an annual compound growth rate of 15.5% from 2021 to 2025.
China's integrated circuit market size and forecast, 2016 to 2025
Source: Frost & Sullivan report
Global and China FPGA Market Overview
Global FPGA market size
FPGA (Field Programmable Gate Array) is a programmable gate array that evolved from programmable devices such as PAL and GAL. It is a semi-customizable and programmable integrated circuit, offering advantages such as flexible design, strong compatibility, parallel computing capability, and wide applicability. It is widely used in fields including industrial control, network communication, consumer electronics, data centers, automotive electronics, artificial intelligence, and more.
Thanks to the continuous development of technology in various application fields, the global FPGA market has continued to expand, growing from about $4.34 billion in 2016 to about $6.08 billion in 2020, with an average annual compound growth rate of about 8.8%. In the future, with the deployment of new-generation communication equipment globally and the growing demand in emerging market areas such as artificial intelligence and autonomous driving technology, the FPGA market faces strong market increments. It is expected that the global FPGA market size will grow from $6.86 billion in 2021 to $12.58 billion in 2025, with an average annual compound growth rate of about 16.4%.
Global FPGA Market Size and Forecast, 2016 to 2025
Source: Frost & Sullivan report
Market scale of FPGA in China
The FPGA market in China has continued to expand in recent years, growing from about 6.55 billion yuan in 2016 to about 15.03 billion yuan in 2020, with an average annual compound growth rate of about 23.1%. The downstream application scenarios of FPGA in China are mainly in the communication and industrial sectors, accounting for 41.0% and 36.0% in 2019, followed by data centers (10.7%), consumer electronics (6.6%), and automotive (5.8%). In 2020, by sales volume, the market share of FPGA in China accounted for about 36.5% of the global market. It is estimated that by 2025, the market size of FPGA in China will reach about 33.22 billion yuan.
Market Scale and Forecast of FPGA in China, 2016 to 2025
Source: Frost & Sullivan report
Currently, the FPGA chip industry shows a high degree of concentration. According to shipments in the Chinese market, in 2019, the top three suppliers accounted for a total of 85.2% of the market share. Anru Technology ranked fourth, occupying 6.0% of the market share, and is the top-ranked domestic FPGA chip manufacturer.
Market competition landscape of FPGA chips in China (by shipment volume), 2019
Source: Frost & Sullivan report
Frost & Sullivan has rich research experience in the sectors of communications, semiconductors, and IT solutions. It has assisted well-known enterprises in successfully listing on the capital market. Recent successful listings include Nomad (8645.HK), Can.NASDAQ's Geniant (CAN.NASDAQ), Masterchip (3601.HK), AsiaInfo Technology (1675.HK), China Tower (0788.HK), King Kong Holdings (8606.HK), Atlinks (8043.HK), Aibo Technology (2708.HK), Anling International (8410.HK), and Junmeng International (8062.HK).
Since the listing of the first batch of companies on the Sci-tech Innovation Board in July 2019, Frost & Sullivan reports have been widely cited in the prospectuses of leading Sci-tech Innovation Board-listed companies in the industry, including: Chengda Biology (688739.SH), Gecko Microelectronics (688728.SH), Juchen Semiconductor (688123.SH), Huaxi Biotechnology (688363.SH), Junshi Biotechnology (688180.SH), Zhejiang Genomics & Therapeutics (688266.SH), Bio-Thera (688177.SH), and Shenzhou Cells (688520.SH). They are considered the most powerful, professional, and influential industry research institutions in the sector. We hope to work with enterprises to understand industry trends, seize development opportunities, jointly promote innovation and upgrading of major industries in China, and build a better future.
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