Shanghai Anlogic Infotech Co., Ltd.: history, ownership, mission, how it works & makes money

Founded in 2011 to independently research, develop, design and sell FPGA and FPSoC chips and dedicated EDA software, Shanghai Anlogic Infotech Co., Ltd. has advanced from its first-generation chips in 2014 to mass production of the SALELF series in 2016 and the SALELF2 SoC FPGA after strategic investments in 2017, listed on the STAR Market in 2021 and showcased new technologies at the 2024 Korea Electronics Show; today the company - ticker 688107.SS - reports a 2024 revenue of 651.82 million yuan, an H1 2025 operating revenue of 223 million yuan and a first-half 2025 net profit attributable to the parent of -142 million yuan, while its market capitalization stood at 10.31 billion yuan as of December 18, 2025 and its R&D organization comprises over 400 members with 80.68% of personnel in R&D, backed by investors including Huada Semiconductor and the China IC Industry Investment Fund and recognized with titles such as 'Little Giant' and the Shanghai Science and Technology Progress Award as it supplies programmable logic devices across industrial control, consumer electronics and network communications.

Shanghai Anlogic Infotech Co., Ltd. (688107.SS): Intro

• Founded in 2011 with a focus on independent R&D, design and sales of FPGA and FPSoC chips and dedicated EDA software.
• 2014 - delivered its first-generation Anlogic chips and supporting software, establishing an internal development-to-toolchain capability.
• 2016 - SALELF series FPGA chips entered mass production, enabling broader commercial adoption.
• 2017 - received strategic investments from CEC UW Semiconductors and Shanghai Science and Technology Venture Capital; launched SALELF2, positioned as a high-performance, low-power SoC FPGA.
• 2021 - listed on the Shanghai Stock Exchange STAR Market (ticker: 688107.SS), becoming the first A-share listed Chinese company focused on FPGA business.
• 2024 - exhibited latest products and solutions at the Korea Electronics Show, demonstrating adaptability across multiple industries and customer requirements.

• Publicly listed company on the STAR Market (ticker 688107.SS), subject to Shanghai Stock Exchange disclosure and governance requirements.
• Key strategic investors historically include CEC UW Semiconductors and Shanghai Science and Technology Venture Capital, which provided growth capital and industry connections.
• Ownership structure combines institutional investors, strategic corporate investors and public float; board and management composed of founders, technical executives and independent directors to meet market listing norms.

• Mission: Build China-origin FPGA/FPSoC ecosystems with proprietary silicon and EDA toolchains to reduce dependence on foreign supply and address domestic/performance-sensitive markets.
• Strategic aims: expand SoC-FPGA performance and power efficiency, broaden application verticals (communications, industrial control, AI acceleration, consumer electronics, automotive), and increase EDA integration to shorten customer deployment cycles.

• Core products: SALELF family (multiple generations including SALELF2 SoC FPGA), dedicated EDA software and evaluation boards.
• Technology stack: in-house RTL-to-bitstream flow, IP cores, SoC integration (embedded processors + FPGA fabric), and low-power process/architecture optimizations targeted at edge/embedded applications.
• Customer enablement: reference designs, development kits, software libraries and technical support to accelerate time-to-market for OEMs and system integrators.

• Chip sales: primary revenue from sales of FPGA and SoC-FPGA devices to module makers, OEMs and system integrators.
• Development kits and evaluation boards: monetized hardware that accelerates customer adoption and supports higher-margin follow-on chip sales.
• EDA tools and IP licensing: software licenses, IP cores and maintenance/subscription fees for toolchains and support.
• Engineering & customization services: paid design-in services, customer-specific IP/board designs and long-tail professional services.
• Channel and distribution: combination of direct sales to large customers and distribution/partner channels for volume and after-sales support.

• End markets: telecommunications (including 5G infrastructure), industrial automation, consumer electronics, AI/edge computing, automotive electronics (non-safety-critical domains).
• Customer profile: OEMs requiring configurable logic, system integrators needing SoC-level integration, and research/academic users for development tools.

• Vertical integration: combined silicon + EDA stack reduces integration friction for customers and improves capture of downstream value.
• Supply chain & foundry dependence: semiconductor manufacturing outsourced to foundries; yield, capacity and node migration affect cost and competitiveness.
• R&D intensity: ongoing investment in process-porting, IP, low-power architectures and toolchain parity vs. global incumbents.
• Regulatory and geopolitical context: domestic policy support for semiconductor independence benefits strategy but also places performance and timeline pressures.

Shanghai Anlogic Infotech Co., Ltd. (688107.SS): History

• Registered capital: 350 million yuan.
• Key strategic investors at establishment and through financing rounds include Huada Semiconductor Co., Ltd., China Integrated Circuit Industry Investment Fund Co., Ltd., Shanghai STVC Group Co., Ltd., and Shenzhen Capital Group.

• Notable recent share movements (as of Sept 25, 2025): Anxin Partnership sold 3,652,700 shares (0.91% of total share capital).
• Anlu Chip Partnership sold 148,100 shares (0.0369%).
• Xintian Partnership sold 207,700 shares (0.0518%).

• Publicly listed entity on SSE; free float complemented by strategic institutional shareholders from the domestic semiconductor ecosystem.
• Large shareholders include industry-focused funds and state-backed or state-guided investment vehicles (e.g., China Integrated Circuit Industry Investment Fund Co., Ltd.).

• Provide domestic, sovereign-capable programmable logic solutions to reduce reliance on foreign suppliers.
• Support ecosystem growth through toolchains, IP, and partnerships with foundries and system integrators.

Shanghai Anlogic Infotech Co., Ltd. (688107.SS): Ownership Structure

• Vision: To become a world-class FPGA supplier, prioritizing customer business success and continuous technological innovation.
• Core values: appreciation; leading ahead; open and fair; go all out; innovation and pragmatism; customer success; expert team.
• Public mission & values reference: Mission Statement, Vision, & Core Values (2026) of Shanghai Anlogic Infotech Co., Ltd.

• R&D headcount: over 400 technical personnel.
• R&D intensity in headcount: 80.68% of total employees are dedicated to research and development.
• Industry recognitions: awarded titles including "Professional, Sophisticated, Specialized, and Innovative China 'Little Giant'" and recipient of the Shanghai Science and Technology Progress Award.

• Primary markets: industrial control, consumer electronics, network communication and other application domains leveraging programmable logic.
• Strategic objective: reshape the programmable-logic industry landscape and establish Anlogic as a leading global supplier of PLDs (programmable logic devices).

Shanghai Anlogic Infotech Co., Ltd. (688107.SS): Mission and Values

• Core product lines: FPGA family devices, FPSoC (heterogeneous programmable SoC) solutions, and dedicated EDA (electronic design automation) software for synthesis, place-and-route, and verification.
• Design and development model: fully in‑house architecture and IP development, combined with third‑party foundry partnerships for wafer manufacturing and outsourced packaging/testing.
• Product deployment: Anlogic's silicon targets application-specific customers across industrial control, consumer electronics, network communications, automotive‑adjacent products, and edge AI accelerators.
• R&D organization: an R&D team of over 400 employees, with research and development accounting for 80.68% of total headcount, driving rapid iterative product and toolchain releases.

• Chip sales: revenue primarily from selling FPGA and FPSoC devices in BOMs to equipment makers, module manufacturers, and system integrators (volume and specialty orders).
• Software & IP licensing: monetization of proprietary EDA tools and IP blocks via license fees, maintenance, and paid updates.
• Design services & customization: paid engineering services for customer‑specific FPGA/FPSoC customization, reference designs, and board-level integration support.
• Aftermarket and support contracts: recurring revenue from technical support, field upgrades, and long‑lifecycle product support agreements.

• Positioning: differentiation via domestically developed programmable logic IP, close application support, and integrated EDA toolchain to reduce customer time‑to‑market.
• Channels: direct OEM/ODM sales, distributor partnerships for volume markets, and design‑win engagements with system integrators for embedded solutions.
• Value drivers: rapid customization capability, lower integration risk through bundled toolchain + IP, and targeted product roadmaps for industrial and networking segments.

• Industry recognition: awarded Shanghai Science and Technology Progress Award and designated as a China "Little Giant" in recognition of specialized innovation capacity.
• Deployment scale: product adoption across multiple industry verticals-including industrial automation controllers, consumer devices, and telecom/network equipment-supporting the company's stated aim of reshaping the programmable logic supply landscape.
• Long‑term objective: expand silicon portfolio and global channel footprint to become a top-tier supplier of programmable logic devices, supported by sustained R&D investment and IP accumulation.

Shanghai Anlogic Infotech Co., Ltd. (688107.SS): How It Works

Shanghai Anlogic Infotech Co., Ltd. (688107.SS) operates as a China-based semiconductor company focused on FPGA and FPSoC chip design, accompanying EDA tools, and related IP. Its business model combines product sales, software licensing, and services for system integration and customer-specific solutions.

• Primary revenue streams:
  • Sale of FPGA and FPSoC devices (core hardware products)
  • Licensing and sales of dedicated EDA (electronic design automation) software
  • Design services, IP cores, and customer-specific integration/support
  • After-sales technical support, training, and maintenance contracts

Operational model and value chain:

• Fabless design: Anlogic focuses on architecture, IP and silicon design, outsourcing wafer fabrication to foundries.
• Vertical integration of software: Bundling of proprietary EDA tools to accelerate customer adoption and stickiness.
• Market focus: Applications across industrial control, communications, consumer electronics, and edge AI-targeting OEMs, system integrators, and specialized device manufacturers.

• How these elements translate to cash flow and margins:
  • Chip and IP sales generate product-margin revenue but require R&D and mask/packaging costs.
  • EDA software provides higher-margin recurring or license revenue and increases lifetime customer value.
  • Design services and customization add project-based revenue with variable margins and support deeper customer relationships.

Key financial trends affecting the business model:

• Revenue contraction in 2024 and a sharper decline in H1 2025 indicate near-term demand pressure or customer order delays impacting cash conversion.
• Negative net profit in H1 2025 (-142 million yuan) suggests continued heavy R&D and SG&A investment relative to sales, pressuring profitability despite software/licensing potential.
• Market capitalization of 10.31 billion yuan (as of 18 Dec 2025) reflects investor valuation under the current growth and profitability outlook.

For a detailed investor-oriented profile and ownership context, see: Exploring Shanghai Anlogic Infotech Co., Ltd. Investor Profile: Who's Buying and Why?

Shanghai Anlogic Infotech Co., Ltd. (688107.SS): How It Makes Money

• Primary product sales: discrete FPGA/PLD chips and boards sold to OEMs and system integrators across industrial control, consumer electronics and network communications.
• Software & IP licensing: development tools, bitstream IP, and design libraries licensed to customers and partners.
• Custom engineering & services: turnkey FPGA-based module design, prototyping, testing and volume integration services for enterprise and government projects.
• Aftermarket & support: recurring revenues from maintenance, upgrade licenses and long-tail support contracts.
• Strategic partnerships and procurement contracts: supply agreements with domestic equipment makers and targeted government/technology projects.