On August 25, during a performance briefing, VeriSilicon's executives unveiled that in the second quarter of this year, the company's ASIC business design revenue from freshly inked contracts surpassed 700 million yuan, marking a more than sevenfold quarter-over-quarter increase and a more than 3.5-fold year-over-year surge. Furthermore, newly secured orders for mass production business neared 400 million yuan. These orders are poised to progressively translate into revenue, fueling the ongoing expansion of VeriSilicon's ASIC business. The company boasts strengths in ASIC customization technology, boasting chip tape-out expertise in advanced process nodes such as FinFET and FD-SOI, and has triumphantly achieved a single-pass tape-out of a 5nm FinFET system-on-chip. Currently, VeriSilicon is engaged in multiple one-stop service projects for 5nm and 4nm technologies. Additionally, the company has amassed a robust portfolio of semiconductor IP and technology platforms, spanning both the AI edge and cloud domains.