Recently, the official web site of the China Securities Regulatory Commission (CSRC) confirmed that Vimicro has filed for itemizing steering with the Guangdong Securities Regulatory Bureau, and CITIC Securities is the guiding establishment.
According to reviews, Vimicro had utilized for an IPO with the China Securities Regulatory Commission in 2018. In July 2020, it was transferred to the Shenzhen Stock Exchange ChiNext board for evaluate, with plans to lift RMB 1.36 billion (about USD 187 million). However, in December 2020, Vimicro selected to withdraw its software paperwork and subsequently, the Shenzhen Stock Exchange terminated the evaluate. The cause said by Vimicro on this counseling submitting for withdrawing the itemizing software at the moment was on account of its enterprise improvement plan of merging chip companies and planning to reapply at an appropriate time.
Since its privatization and delisting from NASDAQ in 2015, Vimicro has made a number of efforts to checklist on the A-share market. However, the reverse acquisition failed, and the direct restructuring software was additionally pissed off. The path to relisting for Vimicro will be described as tortuous. John Deng, the founder of Vimicro who was as soon as generally known as “the youngest academician of the Chinese Academy of Engineering,” efficiently developed China’s first internationally aggressive chip after establishing Vimicro in 1999, placing an finish to the period of “China without chips”.
In the Nineties, John Deng, who graduated from USTC (University of Science and Technology of China), additionally joined the wave of learning overseas and went to UC Berkeley for additional research. He obtained a Ph.D. in Electrical Engineering and Computer Science, in addition to Master’s levels in Physics and Economics from the college. He turned the primary particular person in Berkeley’s 130-year historical past to acquire levels spanning three disciplines: science, engineering, and enterprise.
In 1999, John Deng, as an excellent consultant of Chinese college students learning overseas, was invited to take part within the National Day celebration for the fiftieth anniversary of the founding of New China. At that second, an excited John Deng decided to ‘return to China and start a business, designing chips specifically for Chinese people.’ In October 1999, John Deng returned to China along with his core group and established Vimicro Electronics, following the Silicon Valley mannequin. They launched the “Xing Guang (Starlight) China Chip Project” in Zhongguancun, Beijing.
In 2001, Vimicro Electronics designed China’s first independently developed million-gate-level ultra-large-scale digital multimedia chip referred to as “Xing Guang (Starlight)-1”. John Deng, also referred to as the “Father of Chinese Chips”, was concerned on this achievement.
For Vimicro, this tutoring submitting just isn’t its first contact with the capital market. In 2005, John Deng led the preliminary Vimicro Electronics to debut on NASDAQ, changing into the primary Chinese chip design firm listed on NASDAQ. It is known that the inventory worth of Vimicro Electronics as soon as reached a peak of $20, however later remained under $1 for a very long time and even obtained delisting warnings from NASDAQ.
SEE ALSO: NIO: Self-Developed Chips to Be Mass-Produced in 1-2 Years
It is price noting that after the privatization and delisting of Vimicro Electronics, the corporate underwent a restructuring of its enterprise. It break up its two essential companies: chips and safety.
For Vimicro and John Deng, the chip is their “original intention”. After the discharge of their first chip in 2001, in 2004, three years later, the “Xing Guang (Starlight)” digital multimedia chip received the National Science and Technology Progress First Prize, changing into the primary built-in circuit chip product to obtain this award. And 9 years later, in 2013, Vimicro’s chip software main undertaking as soon as once more received the International Science and Technology Progress First Prize.
Now, within the introduction on Vimicro’s official web site, Vimicro is a high-tech enterprise with internationally main chip design know-how and new era machine imaginative and prescient coding and decoding know-how within the subject of digital notion. It gives digitized business purposes and options for public security, digital media creation, sensible power, clever transportation, sensible finance, sensible water conservancy, industrial Internet of Things (IoT), car networking (V2X), and residential sectors.
Vimicro’s AI chips are utilized within the safety and IoT industries, which will be the cause for Vimicro’s unbiased itemizing of its safety enterprise. Nowadays, synthetic intelligence and chip business improvement are one of the focal factors. As a terminator of China’s chipless historical past, Vimicro’s efficiency within the capital market continues to be price trying ahead to.
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