On April 24, 2025, the 9th All Blossom Conference, hosted by the Zhejiang Provincial Committee of the China’s Democratic Association, the Zhejiang Provincial department of Industry and Commerce, and the China Investment Promotion bureau, was held in Hangzhou, Zhejiang. During the event, the highly anticipated *2025 Hangzhou Unicorn and Potential Unicorn Enterprises List* was officially released.   

Hangzhou Phlexing Technology Co., Ltd., a leading China’s domestic vendor of EDA tools platform, was honored to be listed, marking the third consecutive year of receiving this distinction.   

Since its establishment in 2018, Phlexing dedicates to the Signoff field of EDA (Electronic Design Automation), striving to fill the gaps in China’s domestic digital EDA technologies. Through relentless pursuit of technological innovation, the company has achieved many breakthroughs in the EDA calculation architectures and algorithms and has successfully developed a world-leading Glory-Signoff platform. The tool platform includes parasitic parameters extraction tool, analysis tool of electromigration and IR drop, tool for power dissipation analysis, and multi-physics domains coupling analysis tool. This platform provides cutting-edge signoff solutions for world-class design houses and leading foundries, all helping clients achieve ambitious goals in power, performance, and area (PPA).   

Getting enlisted on Hangzhou’s Potential Unicorn list for three consecutive years not only affirms Phlexing’s rapid growth, high development potential, and innovative capabilities but also entails strong momentum for future progress. With the mission of “Stride with Phlexing to empower China’s semiconductor industry,” Phlexing will continue to stay committed in developing cutting-edge technological innovation as the driving engine, and in continuously strengthening R&D capabilities. From now on, the company will devote more efforts to enhance its EDA tools, to deeply collaborate with other partners in the IC ecosystem, and to contribute more to its development.