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Beijing's Tsinghua Unigroup seeks 2018 IPO for chip unit: sources

Unigroup Spreadtrum RDA aims to raise funds amid national semiconductor mania

Spreadtrum Communications headquarters in Shanghai

TAIPEI -- China's state-backed Tsinghua Unigroup is pushing for an initial public offering of its mobile chip unit, Unigroup Spreadtrum RDA, in 2018, sources told Nikkei Asian Review.

Unigroup Spreadtrum RDA, China's top mobile chipmaker which supplies to Samsung Electronics, has been spearheading Beijing's ferocious efforts to cultivate its domestic semiconductor industry to reduce dependence on foreign imports due to economic and security concerns.

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