Tsinghua Unigroup eyes place at top table
Parent company plans 100b yuan fund to boost presence in integrated circuit industry
Tsinghua Holdings Ltd, the parent company of China's largest chipmaker Tsinghua Unigroup Co Ltd, said on Wednesday it is planning to launch a more than 100 billion yuan fund ($15.45 billion) with its partners to expand its presence in the integrated circuit industry.
The move is the company's latest attempt to build Tsinghua Unigroup into one of the top three chipmakers in the world, joining the league of giants such as Intel Corp, Qualcomm Inc and Samsung Electronics Co.
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