Bankrupt Tsinghua Unigroup advertises for investors
By David Manners, Electronics Weekly (July 26, 2021)
Bankrupt Tsinghua Unigroup is looking for investors to bail it out. It has debts of $30.8 billion.
The website of China’s National Enterprise Bankruptcy Information Disclosure Platform is asking for investors saying that they must have $7.7 billion in minimum total assets or $3 billion in minimum net assets.
It also says: “The strategic investors should have operational capability and managerial experience in semiconductor and cloud businesses. They must be able to promote the development of our core businesses.”
E-mail This Article | Printer-Friendly Page |
Related News
- "Insolvent" Tsinghua Unigroup Aims to Restructure
- Chinese chipmaker Tsinghua Unigroup to buy France's Linxens for $2.6 billion: sources
- China's Tsinghua Secures $22 Billion in State Backing
- Intel and Tsinghua Unigroup Collaborate to Accelerate Development and Adoption of Intel-based Mobile Devices
- VSORA Secures $4.2 Million in Financing from Otium Capital, Angel Investors
Breaking News
- GUC Joins Arm Total Design Ecosystem to Strengthen ASIC Design Services
- QuickLogic Announces $6.575 Million Contract Award for its Strategic Radiation Hardened Program
- Micon Global and Silvaco Announce New Partnership
- Arm loses out in Qualcomm court case, wants a re-trial
- Jury is out in the Arm vs Qualcomm trial
Most Popular
- Arm loses out in Qualcomm court case, wants a re-trial
- Micon Global and Silvaco Announce New Partnership
- Jury is out in the Arm vs Qualcomm trial
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity
- QuickLogic Announces $6.575 Million Contract Award for its Strategic Radiation Hardened Program