Beijing bails out bankrupt Chinese chipmaker Tsinghua Unigroup

from The Register on 2022-04-05 03:31 (#5XV5S)

This matters for China - and for HPE, Intel ... and possibly Apple

A consortium led by Chinese government-backed Beijing Jianguang Asset Management Co. Ltd (JAC Capital) has injected $9.4 billion into ailing Chinese chipmaker Tsinghua Unigroup, in a deal that will be appreciated by many big tech industry players....

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