China's Tsinghua Unigroup to invest 300b yuan over next five years
It wants to become world's third-biggest chipmaker
Add BT as a preferred source
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 in an interview in Beijing that the company controlled by Tsinghua University, which counts President Xi Jinping among its alumni, was in talks with a US-based company involved in the chip industry.
TRENDING NOW
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects
Xi Jinping has just rewritten the rules of US-China rivalry
