Unigroup spends $2.1b for stakes in Taiwan firms

Chipmaker presses ahead with plans to boost global standing

Tsinghua Unigroup Ltd is buying stakes in two Taiwan-based chip companies for 13.5 billion yuan ($2.1 billion) as part of its efforts to become a leading global chipmaker.

The State-owned Unigroup had recently said it has set a goal to be among the top three chipmakers in the world, in the league of giants like Intel Corp, Qualcomm Inc and Samsung Electronics Co.