Tsinghua Unigroup Failure Tests China's Technical Ambition

In 2015, [Ambiguous company run by a real estate tycoon](//www.nytimes.com/2015/07/15/business/international/micron-technology-is-said-to-be-takeover-target-of-chinese-company.html) China's ambitions for semiconductors, a fundamental technology that enhances computing, have awakened the world.With state funding and political support, the company dropped Jaws in a $ 23 billion bid to buy an American chip maker. [micron](//www.nytimes.com/topic/company/micron-technology-inc?.?mc=aud_dev&ad-keywords=auddevgate&gclid=Cj0KCQjwub-HBhCyARIsAPctr7xbOgHYkzUqqkFj_5efgryN0u4JE9egzKmq0etPwfY6x_ZoodaRYmsaAkiWEALw_wcB&gclsrc=aw.ds) .. Six years later, becoming a Chinese microchip champion looks like a disappointment for the people. The company's Tsinghua Unigroup said this month that one of its creditors has begun bankruptcy proceedings and could go bankrupt. The slump in Tsinghua's financial wealth is an unpleasant failure for Chinese authorities who are trying to use…