Tsinghua Unigroup in new push to raise its chip capacity

Chinese top chipmaker Tsinghua Unigroup is consolidating its semiconductor business through reshuffling subsidiaries, including one that has spent 1.8 billion euros ($2 billion) to buy Linxens, a French smart chip components maker.

Shenzhen-listed Unigroup Guoxin Microelectronics Co said in a filing on Sunday night that it plans to issue new shares to fully acquire Beijing Unigroup Liansheng Technology Co, a unit controlled by parent Unigroup.

The initial price of Unigroup Liansheng is set at around 1.8 billion euros. The main asset of Unigroup Liansheng is Linxens, a French smart chip components maker that Unigroup acquired last year.