Tsinghua Leads Creation of $2.8 Billion Chinese Chip Giant

  • New company will be one of the country’s largest chipmakers
  • Tsinghua chairman Zhao Weiguo will head up the new entity

Tsinghua Unigroup Ltd. merged its memory chip-making operations with Chinese government-run XMC’s, creating a $2.8 billion company to spearhead the country’s effort to become a global semiconductor player.

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