Futu News, August 17 update: $INGENIC (03223.HK)$Announced that the IPO will take place from August 17 to August 20. The company plans a global offering of approximately 31.2873 million shares and is expected to list on August 25.
Company Overview
The company is a provider of "Memory + Computing + Analog" chips. Leveraging industry trends and proprietary technology, the company offers memory chips optimized for AI workloads, computing chips with acceleration and inference capabilities, and analog chips enabling intelligent sensing and power management. Its products are widely used in automotive electronics, industrial medical devices, AIoT, and smart security equipment.
The company operates under a fabless model, focusing on chip R&D and design while collaborating with leading foundries and assembly/test subcontractors to ensure business scalability. Through organic growth and strategic acquisitions, the company has built a comprehensive product portfolio. According to Frost & Sullivan, the company holds a leading position in key global markets, continuously empowering development and innovation in frontier tech sectors such as automotive electronics and edge AI.
Financial Overview
The company's total revenue decreased from RMB 4,530.9 million in 2023 to RMB 4,212.6 million in 2024, primarily due to a decline in memory chip sales revenue. The company's total revenue subsequently increased to RMB 4,741... in 2025.