Mar 28 2017, 12:20 PMMar 29 2017, 5:05 PMMarch 28 2017, 12:20 PMMarch 29 2017, 5:05 PM
Top Chinese chip manufacturer Tsinghua Unigroup has secured up to CNY150bn ( $ billion ) of financing from government - backed lender consult Development Bank and a national chip supplier , according to a statement by Unigroup . The state - linked company is building a $ 30bn memory chip production complex in the eastern suburbs of Nanjing that will be the biggest in China when completed , part of a drive to position the nation as a semiconductor design and technology leader .