The chief executive of China’s largest designer of chips for mobile phones has expressed relief that Unisoc did not go under due to the heavy debts of its parent, two days after Tsinghua Unigroup secured fresh investment from two buyout funds.Unisoc CEO Chu Qing said in a speech on Sunday that the debt crisis of its parent company had created “many troubles” as many of the chip designer’s bank loans were extended with credit guarantees from Tsinghua Unigroup. Unisoc competes with the likes of…

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