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China Chip Designer Unisoc Seen Seeking to Raise $1.5 Billion

Unisoc wants to tap increased local investor interest in China’s domestic chip industry, as it gears up to be more self-sufficient in the face of US pressure, sources said.

China chip designer Unisoc is seeking to raise 10 billion yuan in private funding, sources say.
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Chinese chip design company Unisoc (Shanghai) Technologies Co is seeking to raise 10 billion yuan ($1.5 billion) in a new funding round, three sources have revealed.

The firm has approached several state-backed investment funds, they said.

Unison wants to tap increased local investor interest in China’s domestic chip industry, as it gears up to be more self-sufficient in the face of US pressure, the people said.

One of the people said that the company aims to reach a shortlist of investors by mid-March, and close the round by the end of June on the way to an eventual domestic listing. The sources declined to be identified as the information is confidential.

The company announced it was raising funds last week, with its board secretary, Jia Shaoxu, saying it would use the funds to enhance its technology and product competitiveness, according to its official WeChat account. It did not disclose the amount.


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The fundraising comes as China ramps up efforts to boost its domestic chip sector and Chinese President Xi Jinping urges the country to become more technologically self-sufficient.

Washington has put in place a slew of export controls to slow Beijing’s technological and military advances, including moves to curb China’s access to US chipmaking tools and cut it off from certain chips made anywhere in the world with US equipment.

Chinese companies the Biden administration has targeted include the country’s largest chip maker, Semiconductor Manufacturing International Corp, and memory chip manufacturer Yangtze Memory Technologies Co (YMTC).

Unisoc is controlled by private equity firm Wise Road Capital, which took over the company in 2022 after Tsinghua Unigroup, its former parent company, faced bankruptcy.

Based in Shanghai, Unisoc competes against Qualcomm, MediaTek, and Samsung Electronics, and its product portfolio includes mobile processors for smartphones, as well as simpler chips for internet-connected devices.

It does business in 133 countries, according to its website. Although its sales are low compared with those of its rivals, the company’s share of global market for mobile processors increased to roughly 10% by 2022, according to Counterpoint Research.

In its statement from February 8, it added it had reached revenue of 14 billion yuan in 2022. A statement in July 2022 said it had revenue of 11.7 billion yuan in 2021.

In addition to Wise Road, the company’s shareholders also include also China’s state-backed investment fund for chips (known as “the Big Fund”), which has a 13% stake in the firm, as well as Intel Capital, which retains an 11% stake in the company via an investment from 2014.


  • Reuters with additional editing by Jim Pollard





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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.


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