Chinese processor developer UNISOC intends to attract $ 1.5 billion investment

Chinese processor developer UNISOC intends to attract $ 1.5 billion investment

The Shanghai company UNISOC last year formally got rid of the custody of the Tsinghua Unigroup holding and is now owned by the private fund Wise Road Capital, but this does not prevent 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 capitalization of the business to $10.3 billion.

Image Source: UNISOC

Representatives of the company are looking for investors among Chinese funds with state participation, according to Reuters, citing its own sources. The final list of investors participating in the new round of financing will be ready by mid-March, and the actual attraction of funds will take place before the end of June. It is possible that in the future UNISOC will enter the Chinese stock market in order to attract investment in an appropriate way. The proceeds will be used to «improving technology and increasing the competitiveness of products»as stated in the official statement.

UNISOC mainly develops processors for mobile devices, the company has offices in 133 countries, last year it occupied 10% of the world market for the corresponding components. Last year, UNISOC’s revenue exceeded $2 billion. Tellingly, the company’s shareholders include the Intel Capital venture fund, which has owned an 11% stake in the Chinese developer since 2014.

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