Pango Micro (Shenzhen) · 深圳市紫光同创电子股份有限公司

Fabless

The last big unlisted domestic FPGA asset and the volume player in comms-side programmable logic; 2025 net loss narrowed to ¥108m (from ¥344m).
Published

October 11, 2026

Chinese name: 深圳市紫光同创电子股份有限公司 (Zǐguāng Tóngchuàng)

TipWhy This Matters

The last big unlisted domestic FPGA asset and the volume player in comms-side programmable logic; 2025 net loss narrowed to ¥108m (from ¥344m). STAR listing tutoring (CICC) filed April 2025 — the fifth progress report was filed with the Shenzhen CSRC bureau on 15 July and published 3 August 2026, still pre-acceptance, with the fundraising plan undetermined; a January 2026 round made 北京京国管股权投资基金 a >5% shareholder. On the product front, it launched the PG3T500 (a first domestic ~50M-gate FPGA) and PG2K100 heterogeneous SoPC in October 2025, with 28nm in volume and 14nm capability claimed — a near-term test of FPGA valuations after Fudan Micro’s scarcity-driven rally.

What does this firm design?

Communication/industrial FPGAs (Logos-2/Titan-2/Kosmo-2) and in-house design software.

Key Facts

Category Fabless
Founded 2013
Location Shenzhen, Guangdong
Product Focus FPGA: Logos-2/Titan-2/Kosmo-2 lines + in-house EDA — comms, industrial, consumer
Node Sophistication Mid-range FPGA nodes (28nm-class mainstream in domestic comms); high-end FinFET line not yet demonstrated vs Fudan/Anlogic
Entity List No
Last Verified Newest source dated 03 Aug 2026 (3 sources)

Design Score

3.2/5

Sources

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