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Unisoc now a world 5G major player
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Unisoc has become a leading 5G chip supplier for mainstream smartphones like Honor and Realme, making it a major chip designer globally, the Shanghai-based firm said yesterday.
Its consumer business is expected to jump 137 percent in 2021 and maintain over 100 percent annual growth in the next years, said Unisoc, which has applied to list on the Shanghai STAR Market.
In 2021, Unisoc became a supplier to Honor and Realme and over 100 existing consumer electronics clients including Hisense, TCL, ZTE and Lenovo.
Unisoc aims for 10 percent of the Chinese smartphone chip market, the company said.
Unisoc has passed its “toughest” time and has become a “first-tier” chip firm globally, Chief Executive Chu Qing said.
In the first half, Unisoc grabbed an 8.4 percent market share in the global mobile chip sector, compared with 4.8 percent a year ago. It has become one of the top five vendors, with Qualcomm, Huawei HiSilicon, MediaTek and Samsung, according to researcher Counterpoint.
Huawei is also one of the top five vendors but its share has been seriously affected by the US tech ban. Unisoc has become another Chinese mainland chip designer in the 5G era, industry officials said.
A digitally interconnected world can be called a modern building with channels to a 5G network, while the 5G chip is the foundation to connect all things, Unisoc said.
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