China marks global chip ambitions with US$13b share sale
Add BT as a preferred source
Beijing
CHINA has taken its biggest step towards creating a national champion in global semiconductors with a planned US$13 billion private placement by an affiliate of Tsinghua Unigroup Ltd to build a chip plant and fund expansion.
Raising cash will bankroll a move into the mainstream memory market for China given that Taiwanese producers lack capital for expansion, Tsinghua Unigroup president Zhao Weiguo said in an e-mailed response to questions.
TRENDING NOW
Car dealers submit S$68 million for renewal of Automobile Megamart’s lease
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
Trump leaves Beijing with few wins but warm words for Xi
