News Snapshot:
The insolvent Chinese Tsinghua Unigroup has agreed to a restructuring. Only one private company is among the seven potential investors: the Alibaba Group. The other interested parties are state-run or majority-owned Chinese companies. The Tsinghua Unigroup went bankrupt in July; A good 26 billion euros in debt were offset by funds worth almost seven billion euros. Tsinghua Unigroup includes Yangtze Memory Technologies (YMTC), the only Chinese memory manufacturer of modern NAND flash modules, and Unisoc, a designer of systems-on-chip (SoCs) that end up in Chinese smartphones. China wants to get Tsinghua Unigroup Tsinghua Unigroup is an important part of China’s...
