Report: China Has $47bn Chip Fund Focused on U.S. M&A
Peter Clarke, EETimes
11/17/2015 09:18 AM EST
LONDON—Tsinghua Unigroup intends to spend 300 billion yuan (about $47 billion) over the next five years to build up China's position in the chip industry, according to the company chairman speaking in an interview given to Reuters.
But investments and company takeovers are more likely in the United States than in Taiwan, chairman Zhao Weiguo said.
Zhao also told Reuters that Tsinghua Unigroup is in talks with a major U.S. chip company and that deal could be finalized by the end of the year. No further details were given except to say that Tsinghua was unlikely to take a majority stake as it would be "too sensitive" for the U.S. government.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
Related News
- New Report Identifies Challenges to Continued U.S. Leadership in Semiconductor Design, Innovation
- China's Semiconductor Progress to Be Impacted Once Again as SMIC Becomes Sanctioned by U.S. Department of Defense, Says TrendForce
- China's Semiconductor Industry to Brace for Impact as SMIC Assesses Export Restrictions Placed by U.S., Says TrendForce
- SMIC seeks $600 million loan in China after U.S. rejection
- DENSO and U.S. Startup Quadric Sign Development License Agreement for AI Semiconductor (NPU)
Breaking News
- VeriSilicon introduces AcuityPercept: an AI-powered automatic ISP tuning system
- Avant Technology Partners with COSEDA Technologies to Enhance System-Level Software Solutions
- intoPIX Powers Ikegami's New IPX-100 with JPEG XS for Seamless & Low-Latency IP Production
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
- Qualcomm initiates global anti-trust complaint about Arm
Most Popular
- Qualcomm initiates global anti-trust complaint about Arm
- Sarcina Technology launches AI platform to enable cost-effective customizable AI packaging solutions
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation