China’s would-be chip darling Tsinghua Unigroup bedevilled by debt and bad bets

//China’s would-be chip darling Tsinghua Unigroup bedevilled by debt and bad bets

China’s would-be chip darling Tsinghua Unigroup bedevilled by debt and bad bets

Tsinghua Unigroup, a Chinese conglomerate that has long sought to become a semiconductor powerhouse, is now caught between a rock and a hard place, as debt woes mount while key chip units are failing to thrive, sources with knowledge of the matter said.Best known for an unsuccessful US$23 billion bid for US chip maker Micron Technology in 2015, Unigroup in November shocked investors with a default on a 1.3 billion yuan (US$200 million) bond. Including that bond, Unigroup has now either…

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By | 2021-01-20T19:00:16+00:00 January 20th, 2021|Technology|Comments Off on China’s would-be chip darling Tsinghua Unigroup bedevilled by debt and bad bets