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China's Tsinghua Unigroup to invest 300b yuan over next five years

It wants to become world's third-biggest chipmaker
Tuesday, November 17, 2015 - 05:50
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"If you can't be the top-three giant, it will be very hard to develop your business in the chip industry," Mr Zhao says, citing reports that China imports more chips than crude oil every year. "The next five years is key ... There is an enormous market out there."

Hong Kong

CHINA'S Tsinghua Unigroup Ltd plans to invest 300 billion yuan (S$67 billion) over the next five years in a bid to become the world's third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday.

Chairman Zhao Weiguo also told Reuters