HONG KONG -- UNISOC, an Intel-backed Chinese semiconductor firm that specializes in developing chipsets for mobile communications and internet of things, is planning to raise up to 5 billion yuan ($706 million) ahead of a planned listing on the country's newly launched STAR Market.
UNISOC, which is also a subsidiary of state-backed semiconductor conglomerate Tsinghua Unigroup, is offering up to a 9.09% stake. This would value the company at about 55 billion yuan, according to its filing with the China Beijing Equity Exchange.
