News Snapshot:
[Uncategorized] China chip giant Tsinghua Unigroup says creditor seeks bankruptcy TAIPEI/HONG KONG — Embattled Chinese tech flagship Tsinghua Unigroup confirmed Friday that one of its creditors has asked a court to begin bankruptcy proceedings for the group, in the latest setback to China’s goal of building a self-reliant semiconductor industry. State-backed Tsinghua Unigroup — the parent company of many chipmakers, including China’s No. 2 mobile chip developer UNISOC — said it had received a notice from the First Intermediate People’s Court of Beijing Municipality. A creditor has requested the court to (For the full article, please see https://asia.nikkei.com/Business/Tech/Semiconductors/China-chip-giant-Tsinghua-Unigroup-says-creditor-seeks-bankruptcy)
