New stock news | Xi Hua Technology submits listing application to Hong Kong Stock Exchange.

According to the disclosure from the Hong Kong Stock Exchange on December 3rd, Shenzhen Horizon Robotics Technology Co., Ltd. (referred to as "Horizon Robotics") has submitted an application to the main board of the Hong Kong Stock Exchange, with Agricultural Bank International as its exclusive sponsor. The prospectus shows that Horizon Robotics is a provider of AI chip and solution solutions for end-side. The company's intelligent display chips and solutions mainly include AIScaler and STDI chips; while intelligent sensing control chips and solutions mainly include TMCU, general MCU, touch chips, and intelligent cockpit solutions. The company's products have been adopted by many mainstream automotive OEMs and globally renowned consumer electronics brands. The mass-produced chip product portfolio can meet the different needs of customers in the consumer electronics, automotive industry, and emerging markets such as smart homes. According to Frost & Sullivan report, Horizon Robotics has developed the world's first ASIC architecture scaler, namely AIScaler, mastering key technologies in visual lossless compression, image enhancement, and high-speed interface transmission. Starting from the strategic entry into the smartphone screen application market, the market share of the company's AIScaler has rapidly increased, making it a leading global product. By 2024, Horizon Robotics' AIScaler shipment volume is estimated to be around 37 million units. According to Frost & Sullivan report, by 2024, in terms of shipment volume, Horizon Robotics ranks second in the global scaler industry and first in the ASIC scaler industry. According to the same source, Horizon Robotics' latest generation automotive-grade TMCU maintains its global leading position in the field of intelligent sensing control specifications.