Unisoc Said to Seek CNY 10 Billion Funding as China Boots Domestic Chip Sector

Unisoc (Shanghai) Technologies is seeking to raise CNY 10 billion (INR conversion) in a new funding round, three people with knowledge of the deal told Reuters. Unisoc has approached several state-backed investment funds for the round. The fundraising comes as China ramps up efforts to boost its domestic chip sector.

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