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Tsinghua Unigroup postpones mobile chip unit IPO

Qualcomm rival Unigroup Spreadtrum & RDA undergoes management shakeup

Tsinghua Unigroup is China's national champion as the country aims to develop a competitive chip industry. (Photo by Cheng Ting-fang)

TAIPEI -- Beijing tech conglomerate Tsinghua Unigroup looks to delay the initial public offering for its mobile chip unit to the end of 2019, according to people familiar with the matter.

Unigroup Spreadtrum & RDA, a mobile chip provider and smaller rival of American company Qualcomm and Taiwan's MediaTek, was set to go public this year in one of the most watchable IPOs from China. The state-backed group started talks with accountants last year, the Nikkei Asian Review has reported.

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