Unisoc completes RMB 4 billion equity financing to enhance 5G R&D capabilities

According to reports, Ma Daojie, chairman of Unisoc, said that the company has successfully completed 4 billion yuan in equity financing, which will help the company inject new momentum into key matters such as daily business development and IPO. The funds will be mainly invested in the research and development of core projects, including the iteration of existing products, the in-depth research and development of new technologies, and the deepening of talent strategies, especially the strengthening of the recruitment of core technical talents. In addition, the company will also solve the funding problems in operation to improve the company's innovation ability and comprehensive R&D strength.