300 Billion RMB (US$ 47billion) Tsinghua Unigroup goes bankrupt, Alibaba expected to take over

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Tsinghua Unigroup is widely known as China’s "national team" in the semiconductor industry, and the leading chip manufacturer. So how did it become bankrupt? We’ll discuss this topic today.

With more than 40,000 employees worldwide, Unigroup is the world's third-largest smartphone chip designer, accounting for more than 20% of the global market, and is one of the leading cloud service providers in China. According to official data, Unigroup controls more than 300 enterprises and has shares in more than 1,000 companies.

Zhao has been called a "chip maniac" by mainland Chinese media, however, in Western media, Zhao is described as a "real estate tycoon", a stock speculator, and a capitalist rather than an entrepreneur.

In the same year, Unisoc attempted an even larger acquisition of Micron Technology for US$23 billion. Micron Technology is a U.S. company founded 40 years ago as an image sensor chip designer and producer. However, the deal was ultimately rejected due to national safety concerns by the U.S. government.

#China#ChinaChip#ChipScam#TsinghuaUnigroup#TSMC#HSMC#CaoShan#Tsinghua#Unigroup#TsinghuaUniversity#Unisoc#ZhaoWeiguo#JackMa#Alibaba#Mayun
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