Deals
China Advances Chip Ambitions With Plan for a $30 Billion Plant
- The Tsinghua facility will make memory chips for mobile and PC
- Factory blueprint presented as U.S. raises security concerns
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Tsinghua Unigroup Ltd. plans to build a $30 billion memory-chip production complex that will become China’s largest, even as U.S. officials raise concerns about the country’s intention of dominating an industry crucial to the computing and smartphone markets.
The arm of the government-linked Tsinghua group intends to erect a semiconductor complex around an envisioned plant in the eastern city of Nanjing that will have an initial monthly capacity of 100,000 wafers. That will help China “leapfrog development in mainstream storage,” according to a statement carried on the company’s website.