Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Medtech Startup StoneWise Raises $100 Million to Promote Use of AI in Drug Development
Plus Accelerates Uptake of its Autonomous Truck Tech with Italian IVECO Deal
Trending in China: Farmer Given Suspended Jail Time For Felling Own Trees – Social Media Chimes In
‘Tickets Please!’ Baidu Allowed to Charge for Robobus Service in Chongqing
Didi Reportedly Looking to List in U.S. as Soon as July
China’s NEV Sales Balloon in First Quarter on Strong Demand from Individual Consumers
Honor of Kings Beats PUBG Mobile as World’s Highest-Earning Mobile Game in March
Didi to Expand New Logistics Service From 8 to 19 Cities in China
China’s Li Auto Raises $750 Million Through Bond Sale to Fund Electric Car Development
Plant-Based Food Firm Beyond Meat to Open Plant Based in China
iFlyTek Hopes to Cash in on Pandemic Driven Demand for AI Services and Devices
Joint Alibaba and Russian Online Retailer AliExpress Plans IPO as Early as 2022: Report
Trending in China: ‘Easy to Buy, Hard to Redeem’ – Airline Pandemic Related Coupons Under Fire
Tesla Counters Spying Concerns Saying Car Cameras Not Activated Outside North America
Reinventing In-Car CB Radio or Cutting-Edge Tech? Clubhouse-Like Features Built into Xpeng Cars
Smart Projector and Laser TV Startup Xgimi Predicts Big Profits
Trending in China: Speculators or Trading Apps — Who’s to Blame for $7,000 Sneakers?
Nio and Xpeng Both Set Quarterly Records But Still Lag Behind Tesla
Call of Duty Mobile Developer Outplays Games Publisher as Timi Studio Earns More Than Activision Blizzard
TSMC to Beef Up Chip Production Capacity with $100 Billion Investment Plan
State-Owned Chinese Chipmaker Unisoc Set to Raise 5 Billion Yuan

By Qin Min and Mo Yelin / Mar 18, 2020 04:09 PM / Business & Tech

Photo: VCG

Photo: VCG

Unisoc, the chip-making unit of state-owned Tsinghua Unigroup Co., is set to complete its 5-billion-yuan ($713 million) fundraising, amid China’s efforts to build up the country’s chip-making capacity.

Two investors – the state-backed China Integrated Circuit Industry Investment Fund and another fund backed by the Shanghai government – will each invest 2.25 billion yuan in Unisoc, said a person close to the company, adding the rest will come coming from other sources.

In October, Unisoc announced that the company planned to raise up to 5 billion yuan, with the corresponding stake in the company being capped at 9.09%. Based on those figures Unisoc is valued at 56 billion yuan.

The source said the deal has entered its final stage and will be closed after some “paperwork.” After the deal, Tsinghua Unigroup will remain as Unisoc’s largest shareholder, the source added.

Read the full story on Caixin Global later.

Contact reporter Mo Yelin (

Related: In Depth: Coronavirus Just the Latest Hurdle to Local Government’s Chipmaking Dreams

Share this article
Open WeChat and scan the QR code