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According to the official website of the Shanghai Stock Exchange, the IPO application for Shanghai Zhaoxin Integrated Circuits Co., Ltd. (Zhaoxin Integrated Circuits), a domestic CPU manufacturer, has been accepted for listing on the STAR Market. The prospectus discloses that Zhaoxin Integrated Circuits intends to issue up to 382 million shares, aiming to raise approximately 4.169 billion yuan. The proceeds will be allocated towards new-generation server processors, desktop processor projects, advanced processor research and development, as well as the establishment of a research and development center. Zhaoxin Integrated Circuits boasts core processor design technology and is dedicated to delivering high-performance, secure, and reliable CPUs and supporting chips to its customers.
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