[News] Huawei-Backed Norelsys Reportedly Enters IPO Tutoring Amid China’s Auto-Chip Drive

Another Chinese chip company is moving toward an IPO. According to ijiwei, Huawei-backed automotive chipmaker Norel Systems (Norelsys) has officially entered IPO tutoring, marking the formal start of its listing process.

Notably, the company’s shareholder base brings together strong backing from both industrial and financial capital. As the report points out, the company introduced a strategic investment from Huawei-backed Hubble in 2022. Hubble currently holds an 11.62% stake, making it the company’s third-largest shareholder.

In 2023, the company also secured a joint investment worth several tens of millions of yuan from institutions including Changan Automobile–affiliated Anhe Fund and Guokai Technology Venture Investment, the report adds.

Norelsys Emerges as a Key Player in Automotive SerDes

As the report indicates, Norelsys’ core business is focused on automotive high-speed data transmission chips (SerDes). SerDes chips serve as the “neural network” enabling high-speed data transfer among in-vehicle cameras, radar, displays, and other components, making them a critical enabler of automotive intelligence.

Norelsys is one of only three semiconductor companies worldwide capable of supplying 12G automotive SerDes chip products, and is also the only domestic player to have achieved mass production of this technology, as Chinese media outlet aichip001 notes.

At present, Norelsys has built a comprehensive product portfolio. According to ijiwei, the company has cumulatively mass-produced more than 20 automotive SerDes chips based on the HSMT standard, with data rates ranging from 2 Gbps to 12.8 Gbps. These products fully meet the stringent requirements of advanced intelligent driving and smart cockpit systems for key components such as 15-megapixel cameras, 4K displays, and 4D millimeter-wave radar.

As of the end of November 2025, the company’s cumulative chip shipments had surpassed 17 million units, reflecting its end-to-end capabilities spanning chip design through large-scale mass production, ijiwei notes.

Beyond Norelsys, another intelligent automotive chip company has also announced IPO plans. According to Sina, on January 30, China’s edge-AI chip unicorn Axera formally launched its Hong Kong IPO, planning to offer 105 million shares globally. The company is set to list on the main board of the Hong Kong Stock Exchange on February 10, 2026.

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(Photo credit: Norelsys)