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Technology Chinese Chip Conglomerate Tsinghua Unigroup Bolsters Support From State By Kevin Colleran On Dec 11, 2021 0 Share Tsinghua Unigroup Co., the heavily indebted Chinese chip conglomerate, said a consortium led by two state-backed semiconductor venture-capital firms would become its strategic investor. The deal is the latest step in Unigroup’s efforts to restructure its assets after a creditor sought its bankruptcy in July. Unigroup, once hailed as China’s semiconductor champion, built its business empire over the last decade through a series of acquisitions, but defaulted on billions of dollars worth of bonds over the past year. (adsbygoogle = window.adsbygoogle...
