China’s Tsinghua Unigroup snags $22 billion

Commentary

China is now taking an ambitious step towards becoming the world’s leading chipmaker. Last week, Tsinghua Unigroup, China’s top chip manufacturer, has amassed a staggering $22 billion of financing from China Development Bank. According to reports, the funds will be used for acquisitions as well as building a world-class conductor industry. Long been accused of grabbing global market shares in many industries, China’s rapidly growing semiconductor industry could pose a threat to American and Japanese chipmakers. According to Gartner, China will be a promising market for semiconductor investments starting this year as state-held companies (like Tsinghua Unigroup) aim to become strong players in the global semiconductor market.

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