According to the Star Daily on December 23 (Report by Guo Hui), the recovery of demand in Consumer Electronics has become the main theme of steady growth in the semiconductor industry this year. Along with the brilliant performance of AI large models on PC and Smart Phone platforms, the continuous introduction of government consumption stimulus policies, and innovative applications of AI agents, mainstream chip companies upstream in Consumer Electronics have attracted market attention.

Recently, Chipsea Technologies held the "First Extraordinary Shareholders' Meeting of 2024" and the first meeting of the fourth Board of Directors, announcing a series of announcements related to the 2024 Restricted Stock Incentive Plan and the resolution of the first meeting of the fourth Supervisory Board.

At the shareholders' meeting, Chipsea Technologies' Chairman and General Manager Lu Guojian, Directors and Vice General Manager Wan Wei, along with Company Executives, shareholder representatives, lawyers, and others attended. The Star Daily participated in this meeting as an individual shareholder.

It is understood that the draft of the 2024 Stock-based Incentive plan released by Chipsea Technologies shows that the allocation conditions for the first vesting period (2025) are a revenue growth rate of no less than 30%. As of the first three quarters of 2024, Chipsea Technologies' total revenue growth has exceeded 80%.

Regarding whether next year's performance growth target is overly conservative, personnel from Chipsea Technologies stated that this goal is mainly based on the company's historical growth dimensions, "The company has consistently maintained steady development, and in recent years, its revenue compound annual growth rate has been about 30%. Therefore, setting this target reflects the company's stability."

Layout AIoT intelligent products, deepen PC business.

Chipsea Technologies is a full signal chain integrated circuit design company, possessing multiple business lines including analog signal chains, MCU, and AIoT.

Among them, Chipsea Technologies' analog signal chain products have applications in human-computer interaction, physiological parameter measurement, and Lithium Battery management. In the area of human-computer interaction, Chipsea Technologies' pressure touch technology has developed a diverse range of products targeting applications such as Smart Phones and AR/VR, achieving mass production with leading clients.

Additionally, the company's AIoT business, combined with the Harmony ecosystem and relying on core products such as high-precision ADCs, highly reliable MCUs, and wireless connectivity, can provide a comprehensive solution based on precise measurement and intelligent perception for Internet of Things devices. Chipsea Technologies is fully leveraging the company's advantages in technology capabilities in "perception, computation, control, power management, and connectivity" to promote deep integration of AI and IoT devices, realizing a new era of AIoT with everything interconnected.

Specifically, in the field of Edge Computing, Chipsea Technologies has launched an innovative edge BMC chip that effectively addresses challenges such as remote management of edge devices, operational costs, and Cybersecurity. Chipsea Technologies stated that edge AI will inevitably become the choice for technology implementation due to its advantages in data privacy protection, customized services, and low latency response.

In the cloud, Chipsea Technologies empowers high-end health devices and Consumer Electronics via its self-built Big Data platform and OKOK APP, combined with various self-developed SOC/analog front-end chips and algorithms, providing users with comprehensive health monitoring and management services. It is reported that Chipsea Technologies is actively building an AI data platform for chronic disease prediction and health management using AI technology, helping users cultivate a healthy lifestyle.

At the application terminal, Chipsea Technologies continuously innovates products to meet market demands, following the trend of AI technology development. In the ecosystem of computing peripheral products, Chipsea Technologies has achieved a comprehensive product layout from EC to PD, HapticPad, USB HUB, and BMS, while also completing full coverage from AI PCs to desktops, industrial computers, Edge Computing, and Servers. In the Internet of Things field, Chipsea Technologies' one-stop solutions and mature products, such as sensor signal conditioning chips, BMS chips, and pressure touch chips, are widely used in AI Hardware-related areas, providing support for data collection, signal processing, and energy consumption management.

Moreover, in Chipsea Technologies' MCU product line, the relevant products cover TWS headphones, power banks, phone accessories, and other Consumer Electronics fields, entering various industrial control sectors such as firefighting, security, smart buildings, and power battery BMS, as well as various fields like communications, power tools, Automotive Electronics, and smart homes, achieving product sales with a steadily expanding scale, having achieved mass production with multiple leading clients.

According to Chipsea Technologies personnel, driven by AI technology, the company continues to deepen its layout in the fields of MCU, analog chips, BMS, sensing measurement, and high-performance computing, not just simply replacing domestic solutions, but mainly innovating products based on customer needs and pain points to meet the energy consumption challenges brought by enhanced computing power, ensuring the efficient, stable, and safe running of computing devices.

Strengthen the R&D of emerging businesses.

From the perspective of business scenarios, the investment and business growth of Chipsea Technologies(Shenzhen)Corp.,Ltd in emerging business areas such as AIoT, PC, BMS, and Automotive Electronics are worth attention.

It is worth mentioning that the full range of EC chips from Chipsea Technologies(Shenzhen)Corp.,Ltd has successfully passed Intel's PCL certification and has been validated by global leading computer enterprises. The company's EC products are also the first EC products in mainland China to pass Intel's international certification, breaking the monopoly of overseas products in this market, and adaptation work with various domestic mainstream notebook manufacturers has been completed. It is understood that this year, Honor's first AI PC notebook product, the MagicBook Pro 16, chose to feature the high-performance EC chip from Chipsea Technologies(Shenzhen)Corp.,Ltd.

"This year's sales situation of the company's chip products in the PC field has not deviated significantly from previous expectations; this business has been relatively stable." Regarding whether the government's subsidy for replacing old consumer electronics has promoted PC product sales, a company representative expressed that in the second half of the year, PC shipments maintain a steady state, without a major surge, and the impact of government subsidies needs to be observed further.

In the BMS field, Chipsea Technologies(Shenzhen)Corp.,Ltd is increasing resource investment, dedicated to developing more efficient and smarter battery management application solutions.

It is understood that BMS, as the core component of the battery system, is increasingly prominent in various application fields such as Smart Phones, laptops, industry, energy storage, and New energy Fund vehicles. Chipsea Technologies(Shenzhen)Corp.,Ltd is leveraging its layout on the "analog + MCU" dual technology platform to create more BMS products with independent intellectual property rights to meet the urgent market demand for safe, precise, and reliable battery management systems.

In addition, Chipsea Technologies(Shenzhen)Corp.,Ltd is actively exploring and strengthening R&D investment in emerging business areas including AIoT, BMS, and Automotive Electronics. Chipsea Technologies(Shenzhen)Corp.,Ltd states that through continuous R&D investment and market expansion, these emerging businesses will become important driving forces for the company's future growth. Meanwhile, the company will continue to deepen its layout in MCU, analog chips, BMS, sensing measurement, and high-performance computing fields, continuing to meet market demands with innovative products.