China's leading chip company, Unisoc, completes its share reform: Aims for IPO
On April 2, it was reported that according to the紫光展锐official website, the company has now been renamed "Unisoc (Shanghai) Technologies Co., Ltd."
This marks the completion of its shareholding system reform, bringing it closer to the goal of going public.
As one of the largest chip design companies in the country, the股改 (shareholding reform) of Unisoc is a crucial step in its IPO process and also a significant milestone for the domestic chip industry. (Note: The term "股改" is translated as "shareholding reform" here, which is a common term used in the context of restructuring state-owned enterprises in China to establish a shareholding system. This reform is often seen as a preparatory step for going public.)
The shareholding reform is a prerequisite for an enterprise's IPO. By changing the company's structure from a limited liability company to a joint-stock company, UNISOC has improved its corporate governance structure, meeting the standard requirements of regulatory authorities for listed companies.
It is reported that in 2024, Unisoc's chip shipments exceeded 1.6 billion units, with a global market share of 13% in smartphone main chips, maintaining growth for two consecutive years, ranking fourth globally.
The sales of its 5G chips increased by 82% year-on-year, with products covering 116 countries and certified by 56 operators.
As one of the few global companies mastering full-scene communication technologies such as 2G/3G/4G/5G, Wi-Fi, Bluetooth, and satellite communications, Unisoc's products span across areas including mobile phones, smart wearables, IoT, and automotive electronics.
There is no doubt that Unisoc is one of the leading domestic chip companies.
By advancing through an IPO, UNISOC can raise more funds, optimize its production capacity layout, and attract more technical talents to join, providing financial support for its technological breakthroughs in areas such as 5G, satellite communications, and automotive electronics.
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