A plan to restructure Tsinghua Unigroup, once China’s national champion in semiconductor manufacturing, under two state-owned investment funds has been given the green light by a Beijing court.
The deal will be finalized after an antitrust and national security review by the Chinese government.
The proposal covers Unigroup and six subsidiaries. A majority of these companies will come under a business formed by Beijing Jianguang Asset Management and Wise Road Capital.
Yangtze Memory Technologies, a company backed by Unigroup that pursued cutting-edge memory chips, will be taken over by Hubei Science & Technology Investment Group, part of the group involved in the restructuring deal, according to local media.
Tsinghua Unigroup is 51%-owned by Tsinghua University, the prestigious alma mater of President Xi Jinping. Through repeated acquisitions and investments, it grew to become a major Chinese semiconductor supplier along with Yangtze Memory. But its debt burdens forced it to default on bond payments several times.
Computing and Software
Apple R1 opens new avenues in spatial computing
Computing and Software
Avnet ASIC team launches ultra-low-power design services for TSMC’s 4nm process nodes
Memory
Frontgrade’s latest high-reliability 2Gbit memory solution achieves NASA’s space-flight qualification
Sensing and Actuating
AMPACS announces industry’s first 2-way over-ear headphone reference design based on xMEMS’ MEMS speakers
Photonics and Lighting
IonQ unveils 2025 roadmap with new technical milestones
Battery
Battery Technology Center officially opened at the Mercedes-Benz plant in Mannheim – series assembly of the next battery generation at the site
Photonics and Lighting
Deloitte Italy explores quantum machine learning for digital payments fraud detection
Photonics and Lighting
Optical Tweezers set up entanglement for long-distance quantum computing
Photonics and Lighting
Optical computer installed at UK national quantum computing centre
Imaging