Chinese processor developer UNISOC intends to attract 15 billion in
Hardware

Chinese processor developer UNISOC intends to attract $1.5 billion in investments

Shanghai-based UNISOC officially divested itself of custody of Tsinghua Unigroup’s stake last year and is now owned by private fund Wise Road Capital, but that doesn’t stop this processor developer from making plans for its integration into the import substitution program. In the near future, UNISOC intends to attract $1.5 billion in investments, which will increase the company’s capitalization to $10.3 billion.

    Image source: UNISOC

Image source: UNISOC

Company officials are looking for investors among Chinese state-owned funds, it said Reuters citing their own sources. The final list of investors participating in the new round of financing will be available by mid-March, and the funds will actually be raised before the end of June. It is possible that UNISOC will enter the Chinese stock market in the future to appropriately attract investment. The proceeds are used “Improving technology and increasing product competitiveness”as stated in the official statement.

UNISOC mainly develops processors for mobile devices, the company has branches in 133 countries, last year it occupied 10% of the world market for the corresponding components. Last year, UNISOC’s sales exceeded US$2 billion. Significantly, the company’s shareholders include the Intel Capital Venture Fund, which has held an 11% stake in the Chinese developer since 2014.

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Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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