Unisoc to grow 5G market
Print Edition
UNISOC, which is to list on the STAR Market, is to expand its 5G and domestic markets this year, the Shanghai-based chip designer said yesterday.
Unisoc expects “several dozen” devices with its 5G chips to hit the market, covering 5G smartphones, routers and other devices, mainly in the domestic market, Eric Zhou, executive vice president, said.
On the Chinese mainland, only Huawei and Unisoc can develop 5G baseband chips for smartphones.
Unisoc used to focus on the 2G, 3G and 4G feature phone market overseas, especially in emerging markets. Unisoc took over 60 percent of the global feature phone market in 2019 with over 400 million units, Zhou revealed.
Compared with feature phones, the demand for 5G devices and smartphones is booming in China.
“It may be difficult for you to buy a new 4G smartphone in the market in China by the end of this year, with rapid 5G replacement,” said Zhou.
Unisoc’s 5G chip has already been used in a 5G model made by Hisense, with more models to debut later this year.
Unisoc secured investment of 5 billion yuan (US$741 million) in a recent round of financing. Unisoc has also applied to issue an initial public offering in the STAR Market in Shanghai, according to stock regulators statements.
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