"Nihon Keizai Shimbun" quoted sources as saying that China Ziguang Group originally promoted its mobile chipmaker Unigroup Spreadtrum (RDA) in this year's IPO (initial public offering) plan, which appears to be postponed until the end of 2019. The company has started to contact accounting firms and plans to promote Spreadtrum’s listing this year. Chinese officials are vigorously supporting the domestic semiconductor industry. As a Qualcomm company, Taiwan’s MediaTek’s competitor, Zhanxun Rui Dike is the Chinese market this year. One of the most watched listings. However, one source revealed that: 'Although Ziguang hopes to promote its mobile chip factory to raise more funds, a senior government official has different opinions on when to go public. This is one of the key reasons why the listing plan has been postponed. 'This source stated that after the re-planning, the time to market for Zeng Rui was postponed to near the end of 2019, and the possibility of further extension was not ruled out. Another source told The Nikkei stated: 'At the same time, the mobile chip company has undergone major management restructuring since the last few months of 2017. The company is still struggling to make a profit. If it intends to go public, this will become a doubt. 'In November last year, Ziguang Group appointed Zeng Xuezhong, former executive vice president of ZTE Corporation, to take charge of Zeng Rui. Since 2008, Li Liyou, the chief executive of Zhanxun, has been appointed. , then transferred to Ziguang co-president. However, Ziguang said on Wednesday that Li Liyou has resigned due to personal factors. Ziguang Group's major shareholders include the Ministry of Education of China and China National Integrated Circuit Industry Investment Fund (CICF, the so-called 'big fund'). Another company, Yangtze Memory Technology, is regarded as China's future challenge to South Korea’s Samsung Electronics and Japan’s Toshiba’s storage giants.
