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China’s Tsinghua Unigroup eyes $23bn Micron buyout

FT - Tsinghua Unigroup has come from nowhere in the past two years to become China’s national chip champion, as it aggressively buys stakes in foreign chipmakers and partners with top global companies. 

It says its mission is “becoming a world class chip giant.” That has put the company at the centre of the government’s push to wean China away from its dependence on foreign suppliers such as US group Qualcomm, said Chris DeAngelis of Beijing-based Alliance Development Group. Unigroup, he said, was “going after anything chip-related, part of a broad-based effort towards self-sufficiency”. -