Exclusive: Chinese Smartphone Chipmaker Unisoc’s Financing Plan Stalled by Shareholder Dispute
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Debt-laden Chinese chip giant Tsinghua Unigroup has been struggling to find financing for one of its key units due to disagreements among the unit’s shareholders.
Unisoc, the mobile phone chipmaking unit of Unigroup, has had its assets frozen in an ongoing lawsuit involving some shareholders, the unit is unable to proceed with an initial public offering, an institutional shareholder of Unisoc said.
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