Espressif Systems
Chinese Semiconductor Company From Wikipedia, the free encyclopedia
Espressif Systems (Shanghai) Co., Ltd. (Espressif; Chinese: 乐鑫科技; pinyin: Lèxīn Kējì) is a publicly listed Chinese semiconductor company headquartered in Shanghai. It focuses on developing and selling wireless microcontroller unit communication chips and modules that are used in internet of things (IoT).
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| Espressif | |
Native name | 乐鑫信息科技(上海)股份有限公司 |
| Company type | Public |
| SSE: 688018 | |
| Industry | Semiconductors |
| Founded | April 28, 2008 |
| Founder | Teo Swee Ann |
| Headquarters | Shanghai, China |
Key people | Teo Swee Ann (Chairman & CEO) |
| Revenue | CN¥1.43 billion (2023) |
| CN¥136.20 million (2023) | |
| Total assets | CN¥2.20 billion (2023) |
| Total equity | CN¥1.91 billion (2023) |
Number of employees | 625 (2023) |
| Website | www |
| Footnotes / references [1] | |
History
In 2008, Espressif was founded in China by Singaporean national, Teo Swee Ann. Teo who graduated from National University of Singapore with degrees in electrical engineering had worked for Montage Technology as an engineering director.[2]
Espressif initially started as one-man consulting firm which later expanded. However due to small quantity of chips commissioned by Espressif, foundries tended to reject it. However TSMC who had heard of Teo's work at Montage Technology gave Espressif a chance and became its supplier.[2]
On 22 July 2019, Espressif had its initial public offering and became a listed company on the Shanghai Stock Exchange STAR Market. The offering raised 1.2 billion yuan.[3]
In March 2022, it was reported that Espressif was moving exclusively to the RISC-V open source instruction set architecture.[4]
As of September 2023, Espressif has shipped over 1 billion IoT chips and is the fifth largest company in the Wi-Fi microcontrollers business.[5]
Business operations
Since establishment, Espressif has remained profitable. Rather than buying existing solutions which is a common practice in the chip industry, Espressif performs its own engineering and has a very cost effective method of designing chips. Managers and directors are expected to do coding in addition to their managerial duties.[2]
Espressif adopts a sales model that is mainly direct sales and supplemented by distribution.[5]
Products
Espressif has established itself in providing Wi-Fi and Bluetooth-integrated devices and solutions.[2] Initially focusing on Wi-Fi microcontrollers, the company has expanded into the fields artificial intelligence of things and system on a chip.[5]
Two of Espressif most well known semiconductor products are the ESP8266 and its successor ESP32. They are used in products such as coffee machines and light bulbs, as well as providers of smart city and automation solutions. They are also used by DIY tech hobbyists[2]
See also
References
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