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Yicai Global) Dec. 30 -- Chinese central processing unit developer Loongson Technology will list on the Shanghai Stock Exchange’s Nasdaq-like Star Market and recently penned a pre-listing tutoring agreement with CITIC Securities, the China Securities Regulatory Commission announced on its website on Dec. 28.
The country’s pre-listing tutoring for companies’ initial public offerings generally lasts three months, so the Beijing-based firm is expected to list in the first half if all goes well.
Loongson CPUs’ general processing capability has come up to that of US-based Advanced Micro Devices, Hu Weiwu, chief designer of Loongson CPUs, said in an announcement the firm also issued on Dec. 28. The company devised the nation’s first independently-developed high-performance general-purpose chips. Its genesis was at the Institute of Computing Technology of the Chinese Academy of Sciences in 2001. The Chinese Academy of Sciences and the Beijing government jointly funded and formed Loongson Technology in 2010.
The firm is one of the country’s first integrated circuit design companies, and its wafers have been widely used in government agencies, energy, finance, Internet of Things and education. Some of its products integrate Big Data, artificial intelligence and Software as a Service.
“Loongson has spent 20 years learning knowledge and lessons about CPU performance and this enabled its CPUs’ general processing capability to rise to that of AMD,” Hu stated at a forum on Oct. 23, “Loongson’s operating system is becoming mature and stable in structure by trial and error, close to Windows XP,” China Economic Weekly reported.
The firm has finished six rounds of financing from Zhonghai Investment, China Reform Fund Management and other investors, information on business data search platform Tianyancha shows. The Institute of Computing Technology of the Chinese Academy of Sciences holds a 21.52 percent stake in the firm, and Beijing Tiantong Core Source Technology also owns 21.52 percent of this public-private partnership.
The country’s pre-listing tutoring for companies’ initial public offerings generally lasts three months, so the Beijing-based firm is expected to list in the first half if all goes well.
Loongson CPUs’ general processing capability has come up to that of US-based Advanced Micro Devices, Hu Weiwu, chief designer of Loongson CPUs, said in an announcement the firm also issued on Dec. 28. The company devised the nation’s first independently-developed high-performance general-purpose chips. Its genesis was at the Institute of Computing Technology of the Chinese Academy of Sciences in 2001. The Chinese Academy of Sciences and the Beijing government jointly funded and formed Loongson Technology in 2010.
The firm is one of the country’s first integrated circuit design companies, and its wafers have been widely used in government agencies, energy, finance, Internet of Things and education. Some of its products integrate Big Data, artificial intelligence and Software as a Service.
“Loongson has spent 20 years learning knowledge and lessons about CPU performance and this enabled its CPUs’ general processing capability to rise to that of AMD,” Hu stated at a forum on Oct. 23, “Loongson’s operating system is becoming mature and stable in structure by trial and error, close to Windows XP,” China Economic Weekly reported.
The firm has finished six rounds of financing from Zhonghai Investment, China Reform Fund Management and other investors, information on business data search platform Tianyancha shows. The Institute of Computing Technology of the Chinese Academy of Sciences holds a 21.52 percent stake in the firm, and Beijing Tiantong Core Source Technology also owns 21.52 percent of this public-private partnership.
