Editing by Kate Yuan

Ingenic(北京君正), a leading Chinese IC design company, released its 2021 performance report on January 24, which said its net profit is expected at RMB808 million ($127.66 million) to RMB984 million ($155.47 million), more than ten times over the previous year.

The company said that the strong demand for its various product lines has led to the increasing overall operating income. Sales of automotive electronics continued to grow driven by the development of automotive intelligence and the strong demand in the automotive terminal market. At the same time, sales in the fields of industry, medical care, communications, and consumption also achieved better year-on-year growth.

Previously-published research information on Ingenic showed that the product lines of its subsidiary ISSI - SRAM, Flash and Analog were under production capacity shortage in 2021 and likely to ease in 2022. Its last year’s production capacity of its DRAM was sufficient and is unlikely to be a problem this year.  

The company also pointed out that its price of microprocessor chips did not rise much in 2021, and forecast a stable level in 2022. The price for smart video chips increased due to tight supply in 2021.

Founded in 2005, Ingenic is a leading MCU supplier based in Beijing. Its self-made XBurst CPU core and SoC products have been widely seen in electronic products. The company has also entered the AIoT industry, investing heavily in multimedia signal processing, AI engine building, and AI algorithm.

In 2020, Ingenic merged with ISSI, a leading memory chip provider based in the U.S., acquiring its memory and analog IC businesses. Thanks to that, Ingenic has entered the automotive electronics and industrial electronics markets.