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China tycoon sees bubble in chip industry

Mr Zhao has tapped connections at Tsinghua University to make acquisitions and amass a fortune of at least US$2 billion.


ZHAO Weiguo, who became a billionaire buying semiconductor companies, says the industry has entered a "serious bubble" in China after valuations surged.

Many of the nation's chipmakers are too expensive given "fierce" competition, Mr Zhao, the chairman of Tsinghua Unigroup