News Snapshot:
In this news, we discuss the Analysis: Potential Chinese chip darling Tsinghua Unigroup burdened with debt and bad bets . SHANGHAI (Reuters) – Tsinghua Unigroup, a Chinese conglomerate that has long sought to become a semiconductor powerhouse, is now caught between a rock and a tough place as debt problems pile up as units of Key chips fail to thrive, sources familiar with the subject told me. Best known for unsuccessful $ 23 billion bid on US chipmaker Micron Technology Inc in 2015, Unigroup in November shocked investors with a default on a 1.3 billion yuan ($ 200 million) bond....
