Chongqing communication chip company Hangzhong Tianqi has initiated the IPO process

DoNews reported on November 6 that the official website of the China Securities Regulatory Commission disclosed that Chongqing Communications and Intelligent Terminal Chip Company, Hangzhong Tianqi, has completed the counseling filing registration with the Chongqing Securities Regulatory Bureau, initiating the IPO process, with Guojin Securities as the counseling institution.

Hangzhong Tianqi was established in January 2019 and is a national specialized and innovative "little giant" enterprise focusing on chips and solutions for communications and intelligent terminals. It primarily targets the communications, perception, and terminal intelligence markets, with research and development and intelligent manufacturing centers established in Chongqing, Shanghai, Changsha, and other locations.

In September 2024, Hangzhong Tianqi completed its Series A financing, led by Shenzhen Capital Group, with follow-on investments from Fosun Chuangfu, Liangjiang Fund, Shengzhong Investment, Jiuke Investment, and four other investment institutions. As of that time, the company's cumulative shipment of single and dual-mode modules exceeded 40 million sets, with cumulative revenue exceeding 1 billion yuan