Tsinghua Leads Creation of $2.8 Billion Chinese Chip GiantBloomberg News
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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