CSRC agrees to the registration of Muxi Shares on the Sci-Tech Innovation Board.

On November 13, the China Securities Regulatory Commission issued a reply approving the initial public offering of shares by Muxi Integrated Circuit (Shanghai) Co., Ltd. It is reported that Muxi plans to list on the Shanghai Stock Exchange Science and Technology Innovation Board, with Huatai United Securities as its sponsor, and plans to raise 3.904 billion yuan. According to the prospectus, Muxi's main business is research and development, design, and sales of full-stack GPU products used in artificial intelligence training and inference, general computing, and graphics rendering, and providing supporting software stacks and computing platforms around GPU chips. The company's main products cover artificial intelligence computing, general computing, and graphics rendering. During the reporting period, it successively launched the Xisi N series GPU for intelligent computing, the Xiyun C series GPU for training and general computing, and is developing the Xicai G series GPU for graphics rendering. In terms of commercial applications, the company is one of the few GPU suppliers that have achieved large-scale commercial applications of cluster GPUs and is developing and promoting the landing of cluster GPUs with thousands of cards. It has successfully supported full-scale pre-training of large models such as 128B MoE. The company has a wide range of compatibility with upstream and downstream ecosystems such as whole-machine servers, operating systems, operations and maintenance management platforms, mainstream AI frameworks, and mainstream large models.