Espressif Systems (Shanghai) Co. Ltd. Class A
SSSE:688018141.36
CNY
-4.50
(-3.09%)
ISIN
CNE100003MR8
Return %
Stock
S&P 500
1Y
11.63
14.20
3Y
293.28
81.12
5Y
99.28
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
CNY
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in mil. unless spec.Quarterly Earnings Per Share
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CNY
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in mil. unless spec.Company Description
- CEO
- Swee Ann Teo
- Full Time Employees
- 898
- Sector
- Electronic technology
- Industry
- Semiconductors
- Address
- Floors 1-7 Shanghai SH China 201204
- IPO Date
- Jul 22, 2019
- Website
- espressif.com
- Similar Companies
- Business
- Espressif Systems (Shanghai) Co., Ltd. specializes in the design and manufacture of highly integrated wireless communication chips and modules primarily for the Internet of Things (IoT) market. Its core product portfolio includes Wi-Fi and Bluetooth (BLE) SoCs (system-on-chips); fully-certified wireless modules that combine Wi-Fi and Bluetooth connectivity; and AIoT development kits such as the ESP32-S3-BOX-3 aimed at edge, AI, and HMI applications. The company targets a broad IoT ecosystem including smart home, industrial, and other smart device markets with energy-efficient, secure, and scalable solutions. Espressif also provides software and IoT cloud platform services that complement its hardware offerings, supporting developers with open-source tools and a robust technology ecosystem. Founded in 2008 and headquartered in Shanghai, China, Espressif manufactures chips primarily through Taiwan Semiconductor Manufacturing Company (TSMC) and maintains a global customer base. Recent major developments include breakthrough progress into the high-performance Wi-Fi 6E market, with engineering samples completed and mass production expected by late 2025, alongside ongoing R&D for Wi-Fi 7 chips and AI inference edge chips which focus on high computational power for image and video recognition. The company announced significant expansion with a new office facility in Shanghai and a successful RMB 1.778 billion private placement to finance key R&D projects centered on Wi-Fi 7 and AI edge chips. Strategic partnerships with Amazon Web Services (AWS), Google Cloud, and integration with the ESP RainMaker IoT platform have expanded the ecosystem reach, enabling scalable and secure cloud connectivity solutions. Espressif has also focused on sustaining high growth with total operating revenue increasing year-on-year by about 31% and net profits up over 50%, reflecting its strong market position and innovation in IoT chip design and services. Espressif Systems operates mainly in China but also reaches global markets through distributors and partnerships, focusing on enabling smart, connected devices across industrial, consumer, and commercial segments without expanding into unrelated sectors such as smartphones or new energy vehicles. The company continues to prioritize technology innovation in wireless communications, software, and AI-enabled edge computing to maintain its leadership in the IoT sector. Its ongoing product development, ecosystem partnerships, and operational expansions underline Espressif's commitment to advancing connectivity technology for the growing smart device economy.