又一芯片巨头IPO！紫光展锐启动上市辅导，手机芯片出货量全球第四

Core Insights - Unisoc (紫光展锐) has received approval for its listing guidance materials, with the backing of Guotai Junan and CITIC Securities, marking a significant step in its market presence [1] - Unisoc is currently the fourth largest smartphone chip manufacturer globally, holding a 14% market share in the smartphone chip market as of Q4 2024, following MediaTek, Apple, and Qualcomm [1][2] - Despite its strong shipment volume, Unisoc's chip performance lags behind leading competitors, focusing primarily on the low-end market segment [2][3] Company Performance - Unisoc's LTE chips have been adopted by several leading manufacturers, contributing to an increase in shipment volume, particularly in the low-end market (priced below $99) [2] - In terms of CPU performance, Unisoc's T820 and T770 chips scored 70.6 and 65, respectively, indicating a significant gap compared to flagship chips like Qualcomm Snapdragon 8 Elite and Apple A18 Pro, which scored above 200 [3] Market Positioning - Unisoc is expanding into the mid-range market with the introduction of the T9100 processor, as seen in the new Nubia Neo 3 5G smartphones [3] - Currently, Unisoc chips are primarily used in Xiaomi's smartphones priced below $100, while Xiaomi's self-developed chip, the Xiaomi玄戒O1, targets higher-end models, suggesting limited immediate impact on Unisoc's market share [4] Technological Advancements - Unisoc is one of the few companies globally with self-developed 5G baseband products, overcoming significant challenges in baseband chip development, including high patent barriers and extensive global compatibility requirements [6][7] - The company has launched an AI platform solution based on the T9100 chip, enhancing AI performance and enabling flexible integration across various devices, including smartphones and wearables [7]