Tsinghua Unigroup(紫光集团)
Fast facts
- Year Founded
- 1988
Source: Unigroup Websitewww.unigroup.com.cn/ebout/chairman's-note.html
- HQ Location
- Beijing, China
- Publicly Traded?
- No
Source: Unigroup Websitewww.unigroup.com.cn/ebout/chairman's-note.html
- Overseas Operations
- Yes
Tsinghua Unigroup is the third largest designer of commercially available mobile phone chips in the world, accounting for 20 percent of the global SIM card market. The company is integrating its expertise with international operations to become a trusted partner of such world-class technology companies as Intel, Hewlett Packard Enterprise and Western Digital. It also has invested in 60 R&D centers around the world, with locations in China, the United States, France, Germany, Singapore, India and Thailand.Source: Unigroup Websitewww.unigroup.com.cn/en/about/chairman's-note.html
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
Source: Unigroup 2019 Annual Reportnpdf.dfcfw.com/pdf/H2_AN202005111379566657_1.pdf
Valuation
Employees
Source: Qichachawww.qcc.com/firm/dcb70686dd42ffdbd19dc3fb293607a1.html
Tsinghua Unigroup is China’s leading chipmaker majority-owned by the prestigious Tsinghua University. Zhao Weiguo, the company’s CEO and also a Tsinghua alumnus, owns 34.3% of the company.
The company claims it is the world’s third-largest designer of commercially available mobile phone chips, and produces 20% of SIM cards in the global market. It is also a leading cloud service provider.
Tsinghua Unigroup’s finances have long faced investors’ skepticism, and the fears materialized in late 2020 as the company defaulted in multiple domestic and international bonds.
Source: Unigroup Websitewww.unigroup.com.cn/ebout/chairman's-note.htmlSource: Nikkeiasia.nikkei.com/Business/Markets/China-debt-crunch/Tsinghua-Unigroup-s-bond-default-Five-things-to-know
Tsinghua Unigroup's Chairman Zhao Weiguo owns 70% of the company's second largest stakeholder, Jian Kun Group. This allows Zhao to have around 34.3% Unigroup's stake.
Source: QiChaChawww.qcc.com/cbase/dcb70686dd42ffdbd19dc3fb293607a1
-
- Name
- Ownership
-
- Tsinghua Holding
Source: Qichachawww.qcc.com/firm/dcb70686dd42ffdbd19dc3fb293607a1.html
- 51.00%
- Tsinghua Holding
-
- Jiankun Group
Source: Qichachawww.qcc.com/firm/dcb70686dd42ffdbd19dc3fb293607a1.html
- 49.00%
- Jiankun Group
- Zhao Weiguo, Chairman, CEO
- Fan Xin, Vice Chairman
- Sun Juan, Director
- Wang Huixuan, Director
- Diao Shijing, Director
- Zheng Chengwu, Director
- Qi Lian, Director
- He Junmei, Director
- Zheng Bo, Director
Source: QiChaChawww.qcc.com/cbase/dcb70686dd42ffdbd19dc3fb293607a1
Tsinghua Unigroup is the third largest designer of commercially available mobile phone chips in the world, accounting for 20 percent of the global SIM card market. The company is integrating its expertise with international operations to become a trusted partner of such world-class technology companies as Intel, Hewlett Packard Enterprise and Western Digital. It also has invested in 60 R&D centers around the world, with locations in China, the United States, France, Germany, Singapore, India and Thailand.
Source: Unigroup Websitewww.unigroup.com.cn/en/about/chairman's-note.html
Tsinghua Unigroup Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
Tsinghua Unigroup Reputational Disclosures
Tsinghua Unigroup in December 2020 defaulted on a $450 million Eurobond and said it will constitute a cross-default. The company in November 2020 defaulted on a 1.3 billion yuan ($198.6 million) domestic bond. The cross defaults have led to stock drops of its publicly traded subsidiaries, and the board appointing a new co-CEO from Unigroup’s major stakeholder Tsinghua Holding.
The latest news on Tsinghua Unigroup from SupChina
Markets shiver as big Chinese state-owned firms defaulting on their debts
Large state-owned firms have been defaulting on their bonds, spooking Chinese investors.
The latest news on Tsinghua Unigroup from across the web
Chinese Chip Conglomerate Tsinghua Unigroup Secures State-Backed Investment
Indebted chipmaker Tsinghua Unigroup will be taken over by a state-backed consortium, not Alibaba, which was a front-runner until recently. The consortium’s members have a track record of semiconductor investment, buying part of a Dutch chipmaker in 2017 and four Taiwanese fabs earlier this month.
Alibaba-Led (BABA) Bid for Tsinghua Unigroup Hits Last-Minute Snag
Alibaba may fail in its quest to take over Tsinghua Unigroup, once a rising star of China’s chipmaking industry, because officials are worried that with Alibaba listed in the United States, sensitive chip data could end up exposed. It’s perhaps another inducement for Alibaba to leave U.S. finance behind, as other major companies have.
$8 Billion Takeover Offer Could Avert One of China's Biggest Potential Corporate Failures
Another chip asset for Alibaba? Alibaba appears to be the frontrunner in an $8 billion takeover of Tsinghua Unigroup. Once key to China’s semiconductor ambitions, debt-ridden Unigroup could become an asset to Alibaba as it expands into chip making, Bloomberg reports.
Alibaba emerges on shortlist to rescue chipmaker Tsinghua
Tech company sole private-sector candidate to bail out China's once national champion
End Could Be Nigh for Tsinghua Unigroup as Defaults Mount
Bankruptcy reorganization risks grow for Chinese semiconductor designer, analysts predict, as fresh bond defaults weigh on state firms
Exclusive: Chipmaker Tsinghua Unigroup Set to Meet Bondholders as Interest Comes Due
Company has until Monday to pay 260 million yuan on one bond
Bleeding Cash and Deep in Debt, Chipmaker Tsinghua Unigroup Sees Bond Prices Plummet, Before Stabilizing
The money-losing state-owned firm has $5 billion of bond obligations coming due before year-end
The Failure of China’s Microchip Giant Tests Beijing’s Tech Ambitions
Tsinghua Unigroup, a would-be microchip champion, is facing bankruptcy, a setback in China’s quest for semiconductor self-reliance.
Tsinghua Unigroup Defaults Push Up China’s 2021 Offshore Sum
A series of bond defaults by Tsinghua Unigroup Co. has pushed up the total value of defaults in China’s offshore market this year to almost a third of 2020’s total.
Beijing-backed Tsinghua Unigroup's chip projects hit by delays
Chipmaker faces cash crunch as local governments temper support
Major Chinese Chip Company Defaults on Debt
Tsinghua Unigroup, a key player in China’s push for self-reliance in semiconductors, has defaulted on a bond, adding to a recent spate of trouble in the country’s corporate debt markets.
China's Tsinghua Unigroup defaults on $198 million bond: sources
Tsinghua Unigroup, a major government-backed player in China's technology race, has defaulted on a 1.3-billion-yuan ($197.96 million) bond, three sources said, as several high-profile delinquencies by state firms rattled the country's bond market.
Chinese chipmaker Tsinghua Unigroup's bonds crash after debt warning
Beijing tech flagship strained by credit-fueled capacity buildup
Micron Technology Is Said to Be Takeover Target of Chinese Company (Published 2015)
Tsinghua Unigroup, China’s top microchip maker, is preparing a plan to bid $23 billion for the American company, a person briefed on the matter said.
