Since the global AI (Artificial Intelligence) boom, GPUs (Graphics Processing Units), as a key driver of high-performance computing, have attracted widespread market attention. Recently, the Shanghai Securities Regulatory Bureau's official website showed that the domestic GPU company, Muxi Integrated Circuit (Shanghai) Co., Ltd. (hereinafter referred to as "Muxi Integrated"), has completed its IPO counseling filing, officially starting its listing process.
Chinese GPU Unicorns Kickstart IPO Process
According to Muxi Integrated’s official website, the company was established in September 2020, focusing on providing full-stack GPU chips and solutions for heterogeneous computing. These solutions can be widely applied in cutting-edge fields such as intelligent computing, smart cities, cloud computing, autonomous driving, digital twins, and the metaverse, providing computational power support for the development of the digital economy. Currently, the company has established wholly-owned subsidiaries and research centers in Beijing, Nanjing (Jiangsu), and Chengdu (Sichuan). As of now, Muxi Integrated has developed full-stack GPU chip products for intelligent computing inference, general computing, and graphics rendering, meeting the computing power requirements of "high energy efficiency" and "high versatility."
Notably, Muxi Integrated is the second domestic GPU company to complete its IPO counseling filing this week. On January 13, another domestic GPU company, Moore Threads Intelligent Technology (Beijing) Co., Ltd. (hereinafter referred to as "Moore Threads"), completed its IPO counseling filing with the Beijing Securities Regulatory Bureau. In 2024, two other domestic GPU companies, Shanghai Suiruan Technology Co., Ltd. (hereinafter referred to as "Suiruan Technology") and Shanghai Biren Technology Co., Ltd. (hereinafter referred to as "Biren Technology"), have also completed their IPO counseling filings.
Growth in AI Large Models Drives Increased GPU Demand
The rapid development of AI has led to a growing demand for high-performance GPUs. However, there are relatively few domestic products available in the market, unable to meet the rising demand.
The latest GPU market report by research firm Jon Peddie Research indicates that the global GPU market is expected to exceed $98.5 billion in 2024. Currently, over 20 companies and seven IP suppliers provide independent GPUs, integrated and embedded GPUs, and SoC system devices, most of which are entry-level integrated GPUs. Only a few companies are capable of developing dedicated GPUs for gamers.
In 2024, the global GPU market will still be primarily dominated by companies like Nvidia and AMD. Benefiting from the growth driven by AI large models, Nvidia achieved nearly $35.1 billion in revenue for the third quarter of fiscal year 2025, a year-on-year increase of 93.7%.
