Ziguang Group plans to list its subsidiary Spreadtrum Communications

【Global Technology Reporter Wang Huan】 “Nihon Keizai Shimbun” reported on February 23 that China’s large semiconductor company, Ziguang Group, is planning to have its subsidiary, Spreadtrum Communications, listed in 2018. Spreadtrum Communications is a large-scale enterprise that designs and develops semiconductors for the core components of smart phones. It is widely known for promoting the popularity of low-priced smart phones in China. Through the listing of the company, Ziguang will increase its ability to raise funds and accelerate its growth. Related sources disclosed the above news.

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It is reported that Ziguang Group plans to merge its Spreadtrum Communications and RDA Microelectronics, which carry out the same business, into a listed company. The candidate for listing is the securities market in Shanghai or Shenzhen. The head of public relations at Ziguang Group did not give details, but acknowledged that it was preparing for listing.

Spreadtrum Communications sells its own products by supporting the development of smart phones, which has promoted the popularity of low-priced smartphones. This was originally a business model invented by Taiwan’s peer MediaTek, but Spreadtrum’s rapid growth was achieved through low-cost routes. Sales for fiscal year 2016 (as of December 2016) exceeded 12.5 billion yuan, second only to the industry’s largest US Qualcomm and MediaTek.

Spreadtrum Communications currently supplies the low-priced smart phones of South Korea's Samsung Electronics, and large smart phone companies such as Indian Micromax and other emerging markets are also its customers.

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