News Snapshot:
Chipmaker Tsinghua Unigroup went into debt after a slew of purchases, including that of Yangtze Memory Technologies Co., pictured here. (Photo by Shunsuke Tabeta) SHUNSUKE TABETA, Nikkei staff writer October 20, 2021 04:51 JST | China Copy Copied BEIJING -- Chinese tech heavyweight Alibaba Group Holding is reportedly on the shortlist of potential white knights that would bail out embattled domestic chipmaker Tsinghua Unigroup, which once stood at the forefront of China's semiconductor ambitions. Tsinghua and its creditors have settled on restructuring proposals from seven strategic investors that have expressed interest in leading the rehabilitation, the company announced Monday. The...
