研報掘金丨民生證券:維持芯原股份“推薦”評級,有望成爲國產ASIC產業龍頭
民生證券日前研報指出,芯原股份定增落地,多家產業資本積極參與。本次定增報價機構包括廣東省半導體基金、廣州芯智力基金、上海浦東新興產業投資公司和上海中移數字轉型產業基金,均爲產業資本背景,其中前兩家產業基金均成功獲配,合計獲得154.1萬股,對應金額超1.1億元,體現產業資本對芯原ASIC及IP業務佈局的認可。公司擁有GPU、NPU、VPU等多款處理器IP及超1600個數模混合IP,深入佈局AI 與Chiplet 技術,憑藉公司在IP和芯片設計的先發優勢和雄厚實力,芯原有望成爲國產ASIC產業龍頭,充分受益ASIC需求的快速增長。公司在ASIC業務上的技術積累和客戶基礎紮實,疊加AI 與定製芯片浪潮持續演進,2025年起公司ASIC業務有望伴隨AI產業趨勢實現快速增長,維持“推薦”評級。
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