close
close

Daily Tech Roundup: Unigroup-backed chip designer valued at $9.1 billion, Tencent-backed AI drug researcher launches IPO

Welcome to the Daily Tech Roundup – a briefing of the top tech news making headlines in China and the rest of Asia.

Exclusive: Unigroup-backed phone chip designer worth $9.1 billion

Tsinghua Unigroup-backed mobile phone chip designer Unisoc’s latest funding round will value it at about 66 billion yuan ($9.11 billion), which falls short of the previous target, multiple sources told Caixin, adding that the company plans to begin the listing process next year. Unisoc (Shanghai) Technologies Co. Ltd. is close to completing its financing round of more than 4 billion yuan, the sources said. The latest financing comes on top of a 3.2 billion yuan syndicated loan that Unisoc secured in March. The loan and new investment should sustain the company until its IPO, according to a person with knowledge of the matter.

loadingFig

You have opened an article that is only available to subscribers

VIEW OPTIONS